BNP Paribas Securities Services has been mandated by Standard Bank Plc to provide custodial services in the United Kingdom and Switzerland.
Standard Bank Plc is South Africa’s largest bank with operations in 17 African countries. Outside the African continent, Standard Bank Group operations span to 16 countries, with an emerging market focus. Their London office was established in 1992 as the hub from which they manage all international operations outside Africa, facilitating trade and investment flows between developing economies.
“The partnership with BNP Paribas Securities Services will help develop and grow Standard Bank’s cash equity business in Europe,” says Steve Harris, head of equity operations at Standard Bank Plc.
Julien Kasparian, head of financial intermediaries UK sales for BNP Paribas Securities Services, adds: “We are delighted that Standard Bank has decided to appoint BP2S to launch their cash equity activity in Europe. Standard Bank can rely on our strong market expertise and quality service to support their business growth.”