BNP Paribas Securities Services in Madrid has secured a mandate from Banco de Finanzas e Inversiones (Fibanc). The French bank says it is the thirteenth new client won by BNPPSS Madrid so far this year.
Fibanc, the private banking arm of the Mediolanum group, transferred its international portfolio to BNPPSS Madrid at the end of June. BNP Paribas will provide it with global custody services.