BNP Paribas Securities Services (BP2S) and the Lagardère Group are pleased to announce their agreement whereby BP2S, a wholly owned subsidiary of BNP Paribas, will acquire on 1 January 2010, the Lagardère subsidiary Arlis, which provides specialist registrar and related services to listed and non-listed companies.
Arlis manages its clients' share registers, AGMs, dividend payments, securities operations, stock options and employee stock plans. Originally created to provide registrar services to Lagardère and its subsidiaries, Arlis now employs 27 people who serve some 350,000 shareholders from more than ten well known clients.
BP2S is already the French market-leader for securities services to CAC 40 companies and consolidates its position in that market, to better face new European challenges. Arlis' existing staff will be retained, as BP2S intends to capitalise on their knowhow and specific skills.
Commenting on the deal, Jacques d'Estais, chairman and CEO, stated: “The development of Arlis' operations will benefit from the expertise of Europe's number one and the world's number five provider of securities services, and from the strength of an international group.”
“We're happy that this agreement insures the continuity and quality of registrar services for the Lagardère Group,” added Pierre Leroy, Co-Managing Partner of the Lagardère Group.
About BNP Paribas Securities Services
BNP Paribas Securities Services, a wholly-owned subsidiary of BNP Paribas, is the 1st securities services provider in Europe and the 5th world actor in term of assets under custody.
Operating across the investment cycle, BNP Paribas Securities Services provides post-trade administration solutions to buy-side and sell-side financial institutions and issuers.
With 6,400 employees present in 28 countries, BNP Paribas Securities Services works alongside its clients in more than 100 markets, to deliver independent flexibility and commitment, backed by the strength of a leading universal bank.
Key figures : EUR 3.34 trillion (USD 4.65 trillion) assets under custody, 60,7 million transactions settled, EUR 565 billion (USD 786 billion) assets under administration and 5891 funds administered*
* As at 31 December 2008
About BNP Paribas
BNP Paribas (www.bnpparibas.com) is one of the 6 strongest banks in the world according to Standard & Poor's*. With a presence in 85 countries and more than 205,000 employees, 165,200 of which in Europe, BNP Paribas is a global-scale European leader in financial services. It holds key positions in its three activities: Retail banking, Investment Solutions and Corporate & Investment Banking. The Group benefits from its four domestic markets: Belgium, France, Italy and Luxembourg. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.
* Within its peer group
Arlis manages its clients' share registers, AGMs, dividend payments, securities operations, stock options and employee stock plans. Originally created to provide registrar services to Lagardère and its subsidiaries, Arlis now employs 27 people who serve some 350,000 shareholders from more than ten well known clients.
BP2S is already the French market-leader for securities services to CAC 40 companies and consolidates its position in that market, to better face new European challenges. Arlis' existing staff will be retained, as BP2S intends to capitalise on their knowhow and specific skills.
Commenting on the deal, Jacques d'Estais, chairman and CEO, stated: “The development of Arlis' operations will benefit from the expertise of Europe's number one and the world's number five provider of securities services, and from the strength of an international group.”
“We're happy that this agreement insures the continuity and quality of registrar services for the Lagardère Group,” added Pierre Leroy, Co-Managing Partner of the Lagardère Group.
About BNP Paribas Securities Services
BNP Paribas Securities Services, a wholly-owned subsidiary of BNP Paribas, is the 1st securities services provider in Europe and the 5th world actor in term of assets under custody.
Operating across the investment cycle, BNP Paribas Securities Services provides post-trade administration solutions to buy-side and sell-side financial institutions and issuers.
With 6,400 employees present in 28 countries, BNP Paribas Securities Services works alongside its clients in more than 100 markets, to deliver independent flexibility and commitment, backed by the strength of a leading universal bank.
Key figures : EUR 3.34 trillion (USD 4.65 trillion) assets under custody, 60,7 million transactions settled, EUR 565 billion (USD 786 billion) assets under administration and 5891 funds administered*
* As at 31 December 2008
About BNP Paribas
BNP Paribas (www.bnpparibas.com) is one of the 6 strongest banks in the world according to Standard & Poor's*. With a presence in 85 countries and more than 205,000 employees, 165,200 of which in Europe, BNP Paribas is a global-scale European leader in financial services. It holds key positions in its three activities: Retail banking, Investment Solutions and Corporate & Investment Banking. The Group benefits from its four domestic markets: Belgium, France, Italy and Luxembourg. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.
* Within its peer group