Following the NSE Clearing Membership in India on March 2009, BNP Paribas Securities Services has been admitted as a Bank Clearing Member for Listed Derivatives on the Singapore Exchange (SGX). This marks a new step in its Asian development strategy. It also reinforces the Bank's commitment to offering clients the most comprehensive solutions in custody and clearing of securities as well as listed derivatives in the region to complement its global offerings.
BNP Paribas Securities Services today announces that its Singapore branch has been granted clearing membership to begin offering clearing services in the Listed Derivatives products locally. With this new licence, the second in Asia after India, BNP Paribas Securities Services pursues its expansion strategy in the region, in a field where it already ranks among the top players in Europe and the US.
"This marks an important milestone in our strategy to offer a "One-Stop Shop" solution for clients trading into the Pan-Asian Listed Derivatives Exchanges. This is in line with our plans to offer an integrated service in Custody and Listed Derivatives clearing in these exchanges, said Mohan Subramaniam, Head of Product & Sales for Listed Derivatives in Asia Pacific. “The SGX membership marks an important addition to our ambitious plan to become a full clearing member in all the key Pan-Asian exchanges, in order to better serve the needs of our diversified global client base and to complement our global offerings in the Exchange Traded Derivatives markets”.
Commenting BNP Paribas Securities Services' continuous expansion in Asia, Arnaud Claudon, CEO of BNP Paribas Securities Services in Singapore, declared: “This marks an important step in our development strategy in Singapore, our fast-growing centre of expertise for solutions to institutional investors in the region. It is a new illustration of our commitment to bringing the most comprehensive range of solutions in the region”.
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 (www.bnpparibas.com) is one of the six strongest banks in the world according to Standard & Poor's* 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.
*Within its peer group
BNP Paribas Securities Services today announces that its Singapore branch has been granted clearing membership to begin offering clearing services in the Listed Derivatives products locally. With this new licence, the second in Asia after India, BNP Paribas Securities Services pursues its expansion strategy in the region, in a field where it already ranks among the top players in Europe and the US.
"This marks an important milestone in our strategy to offer a "One-Stop Shop" solution for clients trading into the Pan-Asian Listed Derivatives Exchanges. This is in line with our plans to offer an integrated service in Custody and Listed Derivatives clearing in these exchanges, said Mohan Subramaniam, Head of Product & Sales for Listed Derivatives in Asia Pacific. “The SGX membership marks an important addition to our ambitious plan to become a full clearing member in all the key Pan-Asian exchanges, in order to better serve the needs of our diversified global client base and to complement our global offerings in the Exchange Traded Derivatives markets”.
Commenting BNP Paribas Securities Services' continuous expansion in Asia, Arnaud Claudon, CEO of BNP Paribas Securities Services in Singapore, declared: “This marks an important step in our development strategy in Singapore, our fast-growing centre of expertise for solutions to institutional investors in the region. It is a new illustration of our commitment to bringing the most comprehensive range of solutions in the region”.
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 (www.bnpparibas.com) is one of the six strongest banks in the world according to Standard & Poor's* 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.
*Within its peer group