BNP Paribas Securities Services (BNP Paribas) has unveiled an expanded range of market and financing services to support the increasingly sophisticated requirements of institutional investors and financial intermediaries.
Alongside custody, clearing and fund administration, the custodian bank's Market and Financing Services business line now offers principal and agency lending, foreign exchange and collateral management – as well as a variety of financing solutions to asset owners, asset managers, including alternatives, and broker-dealers.
The bank is also first to market with the introduction of a fully outsourced dealing service for buy-side firms, giving them round-the-clock access to all asset classes.
Developing these services has been a top priority for BNP Paribas Securities Services as financial institutions – particularly on the buy-side – have sought to extract more value from assets they entrust to custodians while limiting their risk exposure and navigating new regulation.
“In the current environment, reducing risk and increasing profitability are challenges that have shot to the top of the agenda for investors that manage large asset pools,” said Florence Bonnevay, Head of Market and Financing Services, BNP Paribas Securities Services.
“We have positioned ourselves as a fully integrated banking service provider to the buy-side, managing their dealing, collateral and liquidity requirements enabling them to concentrate on their core business,” Bonnevay continued.
Patrick Colle, CEO, BNP Paribas Securities Services, said “We took the strategic decision to expand our market and financing services following what we saw as tremendous growth potential. New regulation – particularly around risk management – does present challenges, but there are also opportunities for clients and service providers.
“This development is a crucial landmark in our strategy towards becoming a truly global player with a complete offer for both institutional investors and financial intermediaries,” concluded Colle.
About BNP Paribas
BNP Paribas (www.bnpparibas.com) is one of the best rated banks in the world*. The Group has a presence in more than 80 countries and more than 200,000 employees, including more than 160,000 in Europe. It ranks highly in its three core activities: Retail Banking, Investment Solutions and Corporate & Investment Banking. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail banking model across the Europe-Mediterranean zone and boasts a large network in the western part of the United States. In its Corporate & Investment Banking and Investment Solutions activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas and solid and fast-growing businesses in Asia.
*Rated AA- by Standard & Poor's.
About BNP Paribas Securities Services
BNP Paribas Securities Services, a wholly-owned subsidiary of the BNP Paribas Group, is a leading global custodian and securities services provider backed by a strong universal bank (rated AA- by Standard and Poor's). It provides integrated solutions to all participants in the investment cycle including the buy-side, sell-side, corporates and issuers.
The bank has a local presence in 32 countries across five continents, effecting global coverage of more than 100 markets. It partners with clients to help overcome complexity, while offering a one-stop shop for all asset classes, both onshore and offshore, around the world.
Key figures as at 30 June 2011: USD 6,975 billion of assets under custody, USD 1,244 billion assets under administration, more than 6,619 administered funds and 7200 employees.