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Deutsche Equities Paris outsources its back office to BNP Paribas Securities Services.

  • 13.06.2002
The stock brokerage company Deutsche Equities Paris has chosen to outsource its back office to the Multi-Direct Clearing & Custody (MDCC) business line of BNP Paribas Securities Services (BPSS).

This new relationship enables BPSS to consolidate its leadership position in the stock brokerage outsourcing market.

Deutsche Equity is one of the largest broker/dealers on the French market. Despite the scale of the project, activity started on schedule.

This new business gives BPSS an opportunity to demonstrate its expertise in outsourcing services, which could prompt Deutsche Bank to conduct similar operations in other European markets.