BNP Paribas Securities Services (‘BNP Paribas') have been appointed by CDG Capital to provide global custody services of non-Moroccan assets linked to the recent Moroccan legislation permitting the expatriation of investments outside Morocco.
CDG Capital, a wholly-owned subsidiary of the Group Caisse de Dépot et de Gestion, is one of the leading investment banks in Morocco. . Since its creation in March 2006, CDG Capital offers a large range of value added services in capital markets, corporate finance, asset management and banking and financial services to their private, institutional and corporate clients.
The agreement with BNP Paribas Securities Services, a world recognized expert on securities services, represents an important development for CDG Capital in gaining access to international markets, while continuing to provide high quality services.
Notes to editors:
About BNP Paribas Securities Services
BNP Paribas Securities Services is a wholly-owned subsidiary of the BNP Paribas Group, delivering independent 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 26 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 EUR 3.34 trillion (USD 4.65 trillion) assets under custody, EUR 565 billion (USD 786 billion) assets under administration and close to 6,000 funds administered*, BNP Paribas Securities Services is Europe's leading securities services provider.
In the last two years, BNP Paribas Securities Services has opened offices in eight new locations: Singapore, Bahrain, Turkey, Poland, Hungary, India, Hong Kong, and now Morocco, making it present in 26 countries. An on-the-ground presence gives clients the benefit of direct market access, insight into local regulatory contact and market practices. This step demonstrates the Bank's dynamism, innovative capabilities and its ambition to development worldwide and be a truly global institution.
* 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
About CDG Capital
CDG Capital is a wholly owned subsidiary of the Group Caisse de Depôt et de Gestion (CDG), which strategy is based on being leader in asset management activities and a reference in investment banking in Morocco.
After only 3 years, CDG Capital became a major actor and a leading operator of the financial Moroccan market. Indeed, CDG Capital operates and enjoys a position of leadership within the different segments of the financial market through its activities of asset management, financial engineering, capital market, and capital investment.
About the Caisse de Dépôt et de Gestion (CDG)
Caisse de Dépôt et de Gestion is a financial institution, a major contributor to the Moroccan economy and a major player in the public political sector of development. Its principle mission is to contribute to the mobilization of long term savings and to ensure its articulation for useful employment for the economical development of Morocco.
CDG Capital, a wholly-owned subsidiary of the Group Caisse de Dépot et de Gestion, is one of the leading investment banks in Morocco. . Since its creation in March 2006, CDG Capital offers a large range of value added services in capital markets, corporate finance, asset management and banking and financial services to their private, institutional and corporate clients.
The agreement with BNP Paribas Securities Services, a world recognized expert on securities services, represents an important development for CDG Capital in gaining access to international markets, while continuing to provide high quality services.
Notes to editors:
About BNP Paribas Securities Services
BNP Paribas Securities Services is a wholly-owned subsidiary of the BNP Paribas Group, delivering independent 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 26 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 EUR 3.34 trillion (USD 4.65 trillion) assets under custody, EUR 565 billion (USD 786 billion) assets under administration and close to 6,000 funds administered*, BNP Paribas Securities Services is Europe's leading securities services provider.
In the last two years, BNP Paribas Securities Services has opened offices in eight new locations: Singapore, Bahrain, Turkey, Poland, Hungary, India, Hong Kong, and now Morocco, making it present in 26 countries. An on-the-ground presence gives clients the benefit of direct market access, insight into local regulatory contact and market practices. This step demonstrates the Bank's dynamism, innovative capabilities and its ambition to development worldwide and be a truly global institution.
* 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
About CDG Capital
CDG Capital is a wholly owned subsidiary of the Group Caisse de Depôt et de Gestion (CDG), which strategy is based on being leader in asset management activities and a reference in investment banking in Morocco.
After only 3 years, CDG Capital became a major actor and a leading operator of the financial Moroccan market. Indeed, CDG Capital operates and enjoys a position of leadership within the different segments of the financial market through its activities of asset management, financial engineering, capital market, and capital investment.
About the Caisse de Dépôt et de Gestion (CDG)
Caisse de Dépôt et de Gestion is a financial institution, a major contributor to the Moroccan economy and a major player in the public political sector of development. Its principle mission is to contribute to the mobilization of long term savings and to ensure its articulation for useful employment for the economical development of Morocco.