BNP Paribas has obtained its third major custody deal of the year following its agreement with Raiffeisen Bank.
Tag: BNP Paribas
Deal marks second major European victory for BNP Paribas.
JP Morgan’s partnership with BNP Paribas will provide access to the ECB’s T2S platform in a bid to boost settlement and liquidity management.
Spanish insurance provider MAPFRE Inversión will outsource its custody services to BNP Paribas.
Claudine Gallagher will oversee operations in the entire Americas region having previously focused on securities services in North America.
Despite more than 80% of volumes migrating to the T2S platform BNP Paribas suggested that much needs to be done before post-trade Europe is fully harmonised.
BNP Paribas Securities Services has secured a stake in software company Fortia that uses AI to aid regulatory compliance and data management in the fund industry.
BNP Paribas Securities Services will collaborate with Calypso Technology to develop a post-trade offering across asset classes.
Lutz Diederichs will officially take over as BNP Paribas’ group head for Germany in March.
Earlier stages of T2S were hit by delays in migration but wave four cannot be delayed due to increasing external pressures, according to an industry expert.