BNP Paribas has been offering complementary custody services to Brazilian clients for many years through its Investment Partners business. The BNP Paribas Securities Services operation will be the first official custody provider for the group, based in Sao Paulo, which is currently being run by a team of 14 with plans to grow.
Marcia Rothschild has been appointed Head of BNP Paribas Securities Services Brazil. Marcia has relocated to her home country from New York where she was previously Head of Sales and Relationship Management for Institutional Investors for BNP Paribas Securities Services in the US. Marcia joined BNP Paribas Securities Services 8 years ago and has over 15 years of financial services industry experience.
Patrick Colle, CEO of BNP Paribas Securities Services commented: “This is yet another step in our new markets expansion, opening our first location in South America. We are very excited to be up and running in this important region. The BNP Paribas group already has a strong presence in asset management, fixed income and equities, giving BNP Paribas Securities Services a broad client base to deliver asset servicing capabilities. We shall target both international clients looking to invest in Brazil as well as domestic institutions.”
About BNP Paribas Securities Services
BNP Paribas Securities Services is a wholly-owned subsidiary of the BNP Paribas Group, delivering flexibility and commitment, backed by the strength of a leading universal bank.
Operating across the investment cycle, we provide post-trade administration solutions to buy-side and sell-side financial institutions and issuers. The Bank has a local presence across 32 countries and global coverage of over 100 markets, offering a one-stop shop for all asset classes, both onshore and offshore, across the globe.
With USD 5793 billion assets under custody, USD 1049 billion assets under administration and over 6,000 funds administered*, BNP Paribas Securities Services is Europe's leading securities services provider and number 5 worldwide.
as at 31 December 2009
About BNP Paribas
BNP Paribas (www.bnpparibas.com) is one of the six strongest banks in the world according to Standard & Poor's* and the largest bank in the eurozone by deposits. With a presence in more than 80 countries and more than 200,000 employees, including 160,000 in Europe, BNP Paribas is a leading European provider of financial services on a worldwide scale. It ranks highly in its three core activities: Retail Banking, Investment Solutions and Corporate & Investment Banking. In Retail Banking, the Group has four domestic markets: Belgium, France, Italy and Luxembourg. BNP Paribas is rolling out its integrated model across the Europe-Mediterranean zone and boasts a large network in the United States. BNP Paribas Personal Finance is the leader in consumer lending in Europe. In its Corporate & Investment Banking and Investment Solutions activities, BNP Paribas also enjoys top positions in Europe and solid and fast-growing businesses in Asia.
*Within its peer group