BNP Paribas Wins Four Asia Mandates

BNP Paribas Securities Services has won mandates from four international brokers, including Investec, to expand their businesses in Asia-Pacific in the last two months.

Following the launch of trading operations in early 2013, Investec and three other brokers have begun Asian market activities, using BNP Paribas’ third-party clearing and settlement platforms in Hong Kong.

BNP Paribas launched clearing services in Hong Kong in 2011 as a modular-based framework within a single platform that supports a range of asset classes, traditional equities, warrants and ETFs.

Trevor Gatfield, head of securities operations at Investec, said: “Having a single international partner has made our expansion so much easier and it has left us free to focus entirely on delivering what our customers want from us here.”

This partnership continues a growing trend towards outsourcing, according to the fourth annual BNP Paribas / Swift Back Office Outsourcing in Asia survey, which draws on feedback from over 150 broker dealers and investment banks. 27% of the region’s brokerages have now outsourced some part of their post-trade infrastructure, an increase of 11% from 2011, says the research.