Securities services revenues shine bright for French banks in tough quarter
BNP Paribas and Societe Generale both saw rises in revenues for securities services and assets under custody.
BNP Paribas and Societe Generale both saw rises in revenues for securities services and assets under custody.
Recent appointments to the business has signalled a boost in its global capabilities and providing a one-stop shop for hedge funds.
Raiffeisen Bank International is to sell its core banking operations in Poland to BNP Paribas S.A, however it seems unlikely to have a significant impact on the custody clients of the two banks.
BNP Paribas recently announced a major reshuffle to its prime services & financing and global markets team.
BNP Paribas was among the top banks that recorded a boost in earnings for equities and prime brokerage during 2017.
BNP Paribas Securities Services has made two Italian custody and collateral management deals in two months.
The bank's ClimateSeed platform will act as a centralised platform for asset managers looking to invest in companies with voluntary carbon offsetting projects.