BNP Paribas Securities Service's decision to open offices in Poland and Hungary reinforces the Bank's leading European position and is another step in its ambition to cover the rapidly growing central and eastern European capital markets, offering clients the full range of securities services.
BNP Paribas Securities Service's teams in Poland and Hungary combine local knowledge with global expertise. Heading operations in Warsaw is Andrzej Szadkowski who joined from Bank Millenium, a large Polish bank, where he was head of the custody business. Andrzej has 14 years' experience in custody and brokerage services. Theofilos Mitsakos has been appointed head of location in Budapest, transferring from BNP Paribas Securities Services Athens where he was deputy head of banking services. He has over ten years' asset servicing experience.
BNP Paribas Securities Services is a general member of the central securities depository in 17 European markets. The Bank's presence covers over 90% of Europe market capitalisation. This creates efficiencies in cash and asset servicing across Europe for clients.
Since 2006 BNP Paribas Securities Services has opened nine new offices around the world. The Bank is now present in 25 countries. An on-the-ground presence gives clients the benefit of direct market access, insight into local regulatory contact and market practices. This step demonstrates the Bank's dynamism, innovative capabilities and its ambition of development worldwide
About BNP Paribas
BNP Paribas (www.bnpparibas.com) is a European leader in global banking and financial services. With its AA+ rating, BNP Paribas is one of the four strongest banks in the world according to Standard & Poor's. The group is present in over 85 countries, with almost 163,000 employees, including near 127,000 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.
About BNP Paribas Hungary
BNP Paribas, present in Hungary since 1991, is active in the fields of Corporate and Investment Banking (Energy Commodities Export and Project, Fixed Income, Structured Finance, Corporate Finance, Cash Management) and Private Banking. BNP Paribas' activities also include subsidiaries such as BNP Paribas Lease Group (Equipment Solutions), CETELEM and UCB (Personal Finance) and CARDIF (Insurance).
BNP Paribas is ranked as one of the leading foreign investment banks in the country where it has been distinguished by Euromoney's "Best Debt House in Hungary" award in 2004, 2006 and 2007.
About BNP Paribas Poland
BNP Paribas, present in Poland since 1990, is active in the fields of Corporate and Investment Banking (Energy Commodities Export and Project, Fixed Income, Structured Finance, Corporate Finance, Cash Management). BNP Paribas' activities also include subsidiaries such as BNP Paribas Lease Group and Arval (Equipment Solutions), CETELEM (Personal Finance) and CARDIF (Insurance).
About 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 6000 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 5400 employees worldwide, a local presence across 25 countries and global coverage of 92 markets.