BNP Paribas agreed to purchase Exelbank, the specialist custody and depository banking firm formerly owned by Banco Sabadell, in June 2007. Since then, a closely coordinated, smooth integration process has been well received by clients from both companies. This acquisition, which adds significant scale to BNP Paribas in one of Europe's key investor markets, demonstrates the Bank's commitment to servicing its clients' investment strategies across all asset classes, combining the strengths of a global platform with local presence and expertise.
BNP Paribas confirms its leadership position in the Spanish market, where it already has a broad base of domestic and international clients. With more that EUR 210 billion in assets under custody, 101 mutual funds under administration, acting as depobank for 270 different mutual funds and awarded Top Rated again by Global Custodian, BNP Paribas Securities Services is an asset servicing leader with a comprehensive range of securities services products to offer institutional investors in Spain.
NOTES TO EDITORS
BNP Paribas Securities Services
BNP Paribas Securities Services (www.securities.bnpparibas.com) is a wholly-owned subsidiary of BNP Paribas. With €3.6 trillion assets under custody, €744 billion assets under administration and close to 6,000 funds administered, BNP Paribas Securities Services is the leading European provider of securities services and rated number 5 in the world.
BNP Paribas Securities Services has a unique multi-local model, servicing both the buy-side and sell-side with 5,400 employees worldwide, a local presence across 25 countries and global coverage of 92 markets.
About BNP Paribas
BNP Paribas (www.bnpparibas.com) is a European leader in global banking and financial services and is one of the 4 strongest banks in the world according to Standard & Poor's. The group is present in over 85 countries, with more than 168,000 employees, including 129,500 in Europe. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business lines, the bank's two domestic markets in retail banking are France and Italy. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.