The French custodian is working towards becoming a general clearing participant of the exchange, which is expected to be completed within the first half of 2021.
Tag: BNP Paribas Securities Services
UK institutional investors have become a key target for BNP Paribas, as it aims to drive new sales opportunities with asset managers and asset owners.
The French bank secured two valuable deals in the second quarter from AXA Belgium and French fund manager Eurazeo.
AIA Group has become the first to sign up for the service, enabling them to reprice derivatives and collateral in more than 3,000 economic scenarios.
Gallagher, who was named on of GC’s 30 People to Shape the Future last year, has taken on a new role within the bank' s wider US investment bank business.
Custodian to provide fiduciary duties, fund administration as well as transfer agency services to Hong Kong OFC fund.
The new mandate extends the relationship between the two firms, with the French custodian providing depositary banking services to Fondoposte since 2016.
The bank's digital programme has been utilising new technologies to reduce manual processes and provide enhanced data services.
Mandate win follows depositary investments throughout Europe from BNP Paribas Securities Services.
The hire is the latest move by Clearstream to explore and roll out DLT and blockchain-based solutions across its businesses.