ATOS Origin is a leading international IT services provider offering large multi-national clients integrated design as well as building and operating solutions in carefully targeted industry sectors. The mandate is an exciting milestone for BNP Paribas Securities Services' UK business as it is the Bank's first direct UK pension fund client.
Michel-Alain Proch, Group CFO of ATOS ORIGIN said: “The Trustee of our UK-based pension schemes went to market to find a service partner to provide custody solutions and I am glad to see that BNP Paribas represented the most convincing and comprehensive offer to suit their specific requirements. We are delighted that the Trustee has decided to be partnered with a financially robust company with the spread of solutions to address increased monitoring imperatives.”
James McAleenan, head of BNP Paribas Securities Services, UK, Middle East and South Africa commented: “We have been committed to the pension fund segment across Europe for many years and are delighted to have signed such a key name which is a first for us in the UK market. The ATOS Origin Trustee was impressed with the breadth of our offer within the BNP Paribas MasterSuite for Pension Funds offering, which is designed to help pension funds protect investments, evaluate portfolios, monitor risks and enhance return. The Mastersuite for Pension funds strategy seeks to build on our continually expanding range of securities services solutions worldwide to deliver global solutions geared to meet the specific needs of the pension fund market.”
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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.