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BNP Paribas Securities Services announces major migration of Banco Popolare di Milano (BPM)'s depo bank business onto BP2S platform

Following the acquisition of BPM's depository bank by BP2S in April 2010, BNP Paribas Securities Services announces the successful migration of EUR 16.3 billion of assets and 41 funds from the depo bank business of ANIMA and Akros Alternative funds to BP2S' platforms.

The business unit sold in April includes all depository bank services performed by BPM for long-only and alternative funds on behalf of asset management companies belonging to the BPM Group, as well as external clients. Amounts held total approximately EUR 20.3 billion, with around EUR 19.1 billion in long-only funds and the remainder in real estate and hedge funds.

Alessandro Gioffreda, head of BP2S Milan commented: "This marks the smooth migration of the first and most complex phase of the integration process, which was accomplished on schedule. It represents a major achievement and demonstrates the strength of our global operating model and the commitment of our team.
With the integration of Banca Popolare di Milano securities services arm, we become the second largest Securities Services provider in the Italian market per revenues and by far the number one in term of number of third party clients served on our platforms.".

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 ( is one of the six strongest banks in the world* 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.
* Rated AA by Standard & Poor's i.e. 3rd rating level on a scale of 22.