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Securities Services
BNP Paribas Securities Services (wholly-owned subsidiary of BNP Paribas) is the leading European provider of securities services to companies, asset managers and financial institutions worldwide.
As at 31 December 2006, assets under custody totalled EUR 3,614 billion and assets under administration EUR 623 billion.
- 32 million transactions settled in 2006
- no. 1 among European custodians and 5th worldwide for cross-border assets
Industry recognition was again forthcoming in 2006, with BNP Paribas Securities Services winning the following awards:
- “Most innovative securities services provider in Europe” (Financial-i magazine).
- “Fund administrator of the year” (Funds Europe magazine) for the second year running;
- “Best Agent Bank” (Global Custodian magazine) and “Best Sub-Custodian“ (Global Finance magazine) for western Europe, “Best Regional Sub-Custodian“ for northern and southern Europe (ICFA);
- “Top Rated” for its local custody services in eight European countries in the annual survey conducted by Global Custodian magazine;
Over half of BNP Paribas Securities Services’ operations are outside France. The business is present in all the main European countries — including Germany, Belgium, Spain, Greece, Ireland, Italy, Jersey, Luxembourg, the Netherlands, Portugal, Switzerland, the United Kingdom — as well as in Australia, New Zealand, Turkey (where it operates through an agreement with Garanti Bank), Japan and the United States.
http://securities.bnpparibas.com
Focus on major events
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In 2006, BNP Paribas Securities Services strengthened its leading position in Europe and enhanced the range of services offered in its other markets.
BNP Paribas Securities Services and the Equities and Derivatives Department of the Corporate and Investment Banking (CIB) Division have combined their global transaction and custody services with those of Correspondent Clearing Services (CCS) in the United States and are marketing this offering to a broader clientele of American broker-dealers.
The addition of 14 new markets to the global custody network increased the number of covered countries to 90.
BNP Paribas Securities Services acquired the third-party securities clearing and settlement business of Bankhaus Carl F Plump in Germany, an entity of the MM Warburg group specialised in asset management and private banking. -
The year has been stood out by a sustained activity in all the products lines and the acquisition of several prestigious mandates that reinforce the breeding ground of clients with a strong potential, among others:
BNP Paribas Securities Services was mandated by EDF (a European leader in energy) to provide custody and valuation services and to measure the performance of the portfolio of assets dedicated to the dismantling of nuclear power plants.
Three prestigious contracts in the fields of European asset management: Bâloise (global custody and investment administration services, depository bank, cash and liquidity management services), ING Luxembourg et ING Investment Management (outsourcing of fund administration activities and investment compliance monitoring), Aberdeen Asset Management (migration of middle-office and back-office functions).
