BNP Paribas Securities Services (BNP Paribas) is pleased to announce the launch of Planetshares®, a new web-based solution providing clients with a full range of tools to manage their employees' global compensation and benefits plans.
As corporations continue to globalise whilst local tax regulations require closer monitoring of taxable events, the comprehensive Planetshares® solution enables companies to track employee shareholders' personal and professional mobility. It also provides advanced tools to calculate withholding tax cross-referenced with employees' mobility.
Planetshares® is a multi-lingual and interactive modular website, that clients can customise with their own logo and style. It includes:
- My Tools: for managing employees' compensation and benefit plans
- My Reports: for producing reports and statistics related to shareholders
- My Plans: for employee shareholders to manage their share portfolio and trade online in real time
- My Shares: for non-employee shareholders to consult their share portfolio and trade online in real time
Commenting on the launch, Pascal Pommier, head of corporate and issuers, BNP Paribas Securities Services said: “Mobility and capital participation are key to employee retention for any corporation. Managing this is becoming evermore challenging for human resources with the increasing globalisation of companies and their workforces.
Planetshares® gives our clients the efficient and accurate tools they need to track their employees' mobility and comply with international tax regimes.”
Notes to editors:About BNP Paribas Securities ServicesBNP 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 2010About 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.