BNP Paribas to provide depositary services for Cobas AM’s €2bn funds
Agreement will cover six investment funds, one SICAV and three pension funds.
Agreement will cover six investment funds, one SICAV and three pension funds.
Incoming executive joins from Citi, where she served for over 16 years across a number of roles.
Internal hire will be responsible for strengthening the unit’s securities lending, foreign exchange, triparty collateral management and financing services in the region.
Annual revenue reaches high of €2.91 billion, while assets under custody/administration sees slight decline in previous quarter.
Drawing data from Global Custodian’s latest Agent Banks in Emerging Markets survey, here is a snapshot of the securities services landscape in India.
Assets under custody/administration saw a marginal decline over the period, in line with industry peers.
Patrick Colle, head of securities services at BNP Paribas, details the successes of the custodian since its integration with the wider bank, tech launches and the importance of considered decision-making.
New hire will be responsible for developing new business opportunities in the fast-growing market.
The bank traded its first intraday repo on the platform last week, becoming the first European bank to join the network.