GE Real Estate Management France SAS is a subsidiary of GE Real Estate in France which is a business unit of GE Capital, one of the 4 activities of the GE Group.
Marielle Prioult-Seegmuller, President for GE Real Estate Management France SAS, said, "We have chosen BNP Paribas Securities Services as the custodian and depobank for our OPCI funds in France because BNP Paribas has an excellent long-standing track record and experience in fund administration, making it a great fit for GE Real Estate's service requirements. “
About BNP Paribas
BNP Paribas (www.bnpparibas.com) is the Euro zone's leading bank in terms of deposits, and one of the 10 most important banks in the world in terms of net banking income, equity capital and market value. Furthermore, it 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.
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 the Europe's leading securities services provider.
* As at 31 December 2008