The two firms agreed on a deal in principle in July as part of the German bank’s major restructuring and a complete withdrawal from equities trading.
Tag: BNP Paribas
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Securities lending veteran joins forces with GC Legend at consulting firm.
Deutsche Bank hopes the transition will close by end of this year, but BNP Paribas has said it will likely be completed in its entirety by summer next year.
Deutsche Bank's top brass signalled it has made progress in the potential transfer of their prime brokerage balances, electronic technology and staff to BNP Paribas.
Deutsche Bank revealed its significant business transformation and restructuring plans, including a targeted reduction in adjusted costs of around €6 billion by 2022.
Hire in Hong Kong sees JP Morgan tap BNP Paribas Securities Services for new APAC head of agency securities lending trading.
Few alterations expected to be incorporated into the 2020 DDQ version in what is likely to be a welcome respite for many sub-custodian providers.
Digital Asset open sources its smart contract language to the delight of securities services industry
Decision to enable integration with other platforms lauded by the likes of BNP Paribas, DTCC and Broadridge as enabling widespread blockchain development.
Deutsche Bank is looking to further develop its digital capabilities, following the go-live of its chatbot Debbie last year.