The office in Barcelona is another important step in providing tailor-made clearing and custody solutions in the Spanish market as well as strengthening our “on the ground” presence to stay even closer to our clients.
BNP Paribas Securities Services will leverage its experience and expertise in Spain to service an increasing number of Spanish institutional investors and asset managers based in Barcelona. In addition to custody and settlement related services, we will also offer outsourcing services related to investment operations depositary bank services for mutual and pension funds.
The new office will be located at:
BNP Paribas Securities Services – Sucursal en España
Paseo de Gracia 56-5th floor
Coming from Fortis and taking advantage from his previous presence in Barcelona, Lluis Morral has been appointed sales and relationship manager for BNP Paribas Securities Services for the Catalunya region. Lluis has 20 years of experience in Fortis Gesbeta S.G.I.I.C.,S.A. (Fortis Group) providing services with Spanish clients. He will be part of the BNP Paribas Securities Services Client Development team in Spain.
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 5453 billion assets under custody, USD 920 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 30 June 2010
About BNP Paribas
BNP Paribas (www.bnpparibas.com) 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.