BNP Paribas Securities Services announces that it will provide global custody services for U.S. Bank in Western Europe
BNP Paribas Securities Services,a leading global custodian with USD 11.6 trillion in assets under custody[1], today announced that it will provide U.S. Bank, the fifth largest commercial bank in the US[2], with global custody services in 11 European markets (Austria, Belgium, Cyprus, France, Germany, Greece, Italy, the Netherlands, Portugal, Spain and Switzerland), as well as local custody services in the UK and Ireland. The relationship represents over USD 10 billion in assets.
BNP Paribas Securities Services’ global and multi-local expertise across asset classes, extensive proprietary network and in-depth knowledge of the European markets will help U.S. Bank continue to pursue new opportunities for growth in its global sub-custodian network.
Dale R. Smith, Executive Vice President, U.S. Bank Investment Services, commented: “We are pleased to launch this important relationship with BNP Paribas Securities Services. We selected BNP Paribas for its well-established custody services and extensive proprietary network, as well as its long-term, collaborative approach.”
Claudine Gallagher, Head of BNP Paribas Securities Services Americas, said: “This prestigious new relationship demonstrates that our client-driven approach to asset servicing, together with our international reach and growing US presence, are a major draw for financial institutions in the US.”
Patrick Hayes, Head of BNP Paribas Securities Services UK, Middle East and South Africa, said: “U.S. Bank needed a provider who could help it realise its investment ambitions in Europe. Working with us, U.S. Bank will benefit from the efficiencies of a centralised, global custody set-up, which will be serviced from the UK, combined with local market expertise and client support in key markets.”
BNP Paribas Securities Services is the fifth largest global custodian in the world by assets under custody. Since 2011, the bank has significantly expanded its local custody network, which now covers 26 markets, and has been growing its presence in key markets, including the US.
Climate Week NYC will take place September 23 -29 as world leaders convene for the United Nations General Assembly. Policymakers, business leaders and activists will highlight global climate action and discuss how all of us can work toward achieving the UN Sustainable Development Goals (SDGs) and accelerate change.
Climate Week NYC 2019 is based on several international events aimed to highlight and strengthen companies and institutional organizations’ commitment to saving the planet.
All these events will also show how finance can play a key role in reaching UN SDGs and accelerating change. BNP Paribas is leading the movement thanks to its strong commitment through #PositiveBanking and stopping working for non-sustainable sectors.
There will be:
– UNEP Summit: Principles for Responsible Banking on Monday 23rd, organized by the United Nations,
– Sustainable Future Forum on Monday 23rd, co-organized with Spark News,
– “A Plastic Ocean” – (private) film projection – on Wednesday 25th, with Craig Leeson, Director of “A Plastic Ocean” & BNP Paribas Global Sustainability Ambassador.
Follow us to get the latest news about #ClimateWeek:
Twitter – @BNPPamericas
As part of our strategy to be the bank for sustainable finance, Global Markets has invested in a specialised marketing company focused on high-impact forest conservation projects.
As part of our strategy to be the reference bank for sustainable finance, and to grow our business in voluntary emissions markets, we are proud to announce that Global Markets has invested a minority stake in Everland LLC, a specialised marketing company representing an established group of high-impact forest conservation projects.
The investment will give Global Markets better access to Verified Emission Reduction (VER) certificates originated by companies which Everland represents, and strengthen our origination capacity for these assets, which our clients can use to offset their carbon footprint on a voluntary basis. The move also deepens our insight into a dynamic and newly emerging market, adding to our existing credibility as an expert in this field.
Sustainable finance is a cornerstone of BNP Paribas’ strategy supported by every business line within the Group. FXLM.COMM has a significant role to play in this strategy, not least as a leading player in the carbon credit market. This investment furthers that position and clearly signals to clients that we are committed to helping them align their financial and sustainability goals.
Voluntary carbon reduction: a dynamic market
Regulated entities, in the EU and around the world, are required to offset their carbon production levels with carbon certificates (Emission Unit Allowances (EUAs) in the case of the EU). Separately however, an increasing number of our corporate and institutional clients are offsetting unavoidable emissions on a voluntary basis, for which they can use a different certificate, the VER.
These are generated by projects which actively prevent CO2 emissions being released into the atmosphere, for example by protecting threatened forest. For both EUAs and VERs, a single unit is equal to 1 ton of CO2 either released, or prevented from release, into the atmosphere.
FXLM.COMM is a major actor and market maker in EUAs, and has a long standing track record in the market for VERs, having actively facilitated implementation of carbon reduction projects for several years.
BNP Paribas Securities Services, a leading global custodian with USD 11.6 trillion in assets under custody*, today announces that it has been appointed as global custodian by Protección S.A. and has successfully onboarded Protección’s foreign portfolio of over USD 7.5 billion in assets.
This is a landmark mandate for BNP Paribas Securities Services in the Hispanic Latam market. Protección S.A. is one of the largest pension funds in Colombia with over USD 31 billion in assets**. One of its main shareholders is SURA Asset Management, which is a subsidiary of SURA Group, one of the largest Latin American financial conglomerates.
Jose Luis Escobar, COO of Protección S.A., commented:
“We chose BNP Paribas as global custodian for our foreign assets because of its global network and ability to help us access overseas markets more efficiently.”
Claudia Calderon, Head of Hispanic Latam at BNP Paribas Securities Services, commented:
“This is prestigious new mandate which highlights the strengths of our offering in Hispanic LatAm. As a growing pension fund with an international outlook, Protección will benefit from our global and multi-local expertise around the world.”
Since 2010, BNP Paribas Securities Services has rapidly expanded in the Americas, launching local custody and clearing in the United States, Brazil, Colombia and Peru.
BNP Paribas Securities Services, a wholly owned subsidiary of the BNP Paribas Group, is a leading global custodian and securities services provider. Backed by the strength of the BNP Paribas Group, we provide multi-asset post-trade and asset servicing solutions for buy and sell-side market participants, corporates and issuers. With local expertise in 36 countries and a global reach covering 90+ markets, our network is one of the most extensive in the industry, enabling clients to maximise their investment opportunities worldwide.
$500,000 scholarship program in partnership with BNP Paribas provides top-level training at John McEnroe Tennis Academy.
New York, NY, September 8, 2019 – Amid the excitement of the US Open in New York City, tennis greats John and Patrick McEnroe joined Jean-Yves Fillion,CEO of BNP Paribas USA, to announce the first seven scholarship athletes on the Johnny Mac Tennis Project’s TeamBNP Paribas Mac 1 roster on Saturday, September 7, 2019.
Back row: Patrick McEnroe, Matisse Farzam, Olivia Benton, Theadora Rabman, John McEnroe; Front row: Sebastian Sec, BNP Paribas US CEO Jean-Yves Fillion, Joseph Oyebog
This past March, the international bank and longtime tennis sponsor BNP Paribas joined forces with tennis greats John and Patrick McEnroe’s JMTP nonprofit, announcing the inception of the Team BNP Paribas Mac 1 program, backed by a yearly operating budget of $500,000. The program provides 10 young players ages 11-17, with a year of intensive tennis training through the John McEnroe Tennis Academy (JMTA) at Sportime Randall’s Island in New York City, under the direct supervision of Patrick and John McEnroe. The program also increases access to local, national and international tournaments and assist players in preparing for the demands of collegiate and professional tennis.
International bank BNP Paribas has been a dedicated partner to world tennis since 1973. The BNP Mac 1 program joins the “BNP Paribas Young Talent Team” suite of programs, launched in May 2018 with Jo-Wilfried Tsonga, and the French Tennis Federation, and including the “BNP Paribas Kids Fête le Mur Team” partnership with Yannick Noah.
“We’re incredibly excited to partner with BNP Paribas, a loyal and longtime supporter of tennis around the world, to provide the opportunity for young Americans to succeed at the highest levels of the sport,” said John McEnroe, Co-Founder of JMTA and JMTP. “Growing tennis in America, and particularly in my hometown of New York City, is a passion of mine, and I’m grateful for the support that BNP Paribas is providing to these talented young players on the BNP Paribas Mac 1 team, who really are poised to become the next big names in the game.”
“The partnership between the Johnny Mac Tennis Project and BNP Paribas on the BNP Mac 1 program is a major step in our mission of providing opportunity to kids who might not otherwise have a chance to advance to the apex of this great sport,” said Patrick McEnroe, Co-Director of JMTA and President of JMTP. “This program will address a major challenge to many young American tennis hopefuls, the cost of training and high-level tournament play. John and I are delighted to be working with BNP Paribas to support youth tennis and help mint the next great American tennis champion.”
The BNP Paribas Mac 1 Team roster includes the following players. Information about each player is featured in the “Player Cards” section of JMTP website. (Click here to download full set of Player Cards, or on names below for individual cards):
§Olivia Benton, 12, “This scholarship allows me to train and will help me not only with my pursuit of tennis, but throughout all aspects of my life.”
§Sebastian Sec, 15, “I really don’t know where I would be without this scholarship. I would love to be able to play professional tennis, or even just play at a Division 1 college.”
§Theadora Rabman, 14, “I love the John McEnroe Tennis Academy and could not be where I am today without it! I love how I can compete while still making amazing friends.”
§Joseph Oyebog, 11, “Tennis is the most important thing in my future. I am so appreciate of the BNP Mac 1 scholarship because it allows me train more and with stronger, more developed players and it will enable me to travel to tournaments.”
§Matisse Farzam, 12, “I’m always happy and feel at home on a tennis court. JMTA has helped me improve all aspects of my game and I love the atmosphere.”
§Summer Chandler, 11, “The Johnny Mac Tennis Project has helped me pursue my tennis dream with access to courts, amazing trainers and really great coaches.”
§Darren Huang, 12, “Receiving the BNP Mac 1 scholarship is a privilege and an honor. I will use it as motivation to be the best I can be, both in tennis and as a person”
Jean-Yves Fillion, CEO of BNP Paribas USA, added: “We are delighted to be supporting this program with the goal of developing tomorrow’s future tennis stars, and are honored to be partnering with Patrick and John to make this happen. This community-focused initiative is closely aligned with our many other tennis programs that use tennis to promote opportunity, equality and local engagement.”
Team BNP Paribas Mac 1 participants have been selected based on athletic criteria and financial need, as well as attitude, team-involvement and academic outcomes. The selection committee is composed of John McEnroe,Co-Founder of JMTA and JMTP and Mentor of the“Team BNP Paribas Mac 1”; Patrick McEnroe,President of JMTP and Co-Director of JMTA; and Lead Coach for the“Team BNP Paribas Mac 1”; Jordan Botjer,Executive Director of JMTP, Caryn Epstein,Head of Events and Sponsorships Americas at BNP Paribas. Scholarships are renewable annually at the discretion of the Selection Committee up to a maximum of 3 years.
PHOTO CAPTIONS(Credit: André Whitehead, NeON Photographers):
Deep caption: On Saturday, September 7, John and Patrick McEnroe announced the roster of BNP Paribas Mac 1 Team youth tennis scholarship players, whose training at John McEnroe Tennis Academy and tournament play will be funded through a partnership between the Johnny Mac Tennis Project and international band and longtime tennis sponsor BNP Paribas.
The wearetennis.com website and its social network accounts bring together a community of tennis lovers and dedicated fans from all continents who are keen to obtain the latest news from the Tour. Furthermore, in 2015 BNP Paribas created the We Are Tennis Fan Academy, which enables fans to express their passion for tennis as never before.
Today more and more corporations are developing corporate social responsibility (CSR) policies that take into consideration factors such as sustainability and the impacts of their actions. BNP Paribas has made CSR a focal point of its business strategy, embedding it into its operations and well as investment and financing strategies. The bank also fosters an environment of diversity and inclusion and encourages employees to take leading roles in its CSR efforts and civic initiatives. For its impressive efforts and accomplishments in these areas, Cardrates.com has recognized BNP Paribas with its Editor’s Choice™ Award for Corporate Social Responsibility.
On December 4, 2018, BNP Paribas visited the Nasdaq MarketSite in Times Square to ring the Opening Bell in celebration of the bank’s lasting partnership with Nasdaq. Bob Hawley, CEO of CIB Americas, was joined by BNP Paribas employees as he rang the Opening Bell to signal the start of the trading day.
Tal Cohen, Head of North American Equities at Nasdaq, kicked off the ceremony by highlighting BNP Paribas’ history and presence in the US and its collaboration with Nasdaq.
Prior to the bell ringing, Hawley gave a few words of thanks to the “tens of thousands of BNP Paribas Group employees, both those in the US and those around the world for their dedication and continued commitment.” He was also presented with the Opening Bell ceremony crystal on behalf of the bank.
The Opening Bell ceremony was broadcast live on Bloomberg, CNBC, Fox Business News and BNN, and was also live-streaming on the Nasdaq Tower in Times Square and on Nasdaq.com. In honor of the occasion, the Bank’s brand was displayed on the Nasdaq MarketSite tower in Times Square.
Photography by Libby Greene/Nasdaq, Inc.
Brazil, September 19, 2018 – BNP Paribas Securities Services, a leading global custodian with USD 11.5 trillion in assets under custody, has been appointed fund administrator for the first fixed income ETF domiciled in Brazil.
With the launch of the Mirae Asset Fixed Income Fund (“MIRAE FIXA”) on the Brazilian Stock Exchange B3 on September 10, 2018, BNP Paribas now serves as the fund administrator and custodian for the fund’s approximately BRL 60 million in assets. BNP Paribas was also instrumental in structuring this new product in the Brazilian market.
BNP Paribas is already a leader in ETF servicing in Brazil, currently providing fund administration and custodial services for over BRL 4.6 billion in equity ETF assets, or approximately 64%* of the equity ETF market in Brazil.
“With this new launch, we are consolidating our leadership role in the Brazilian ETF market, both in terms of volumes and sophistication in the product range we can serve,” said Andrea Cattaneo, Head of Brazil for BNP Paribas Securities Services. “We are proud to have the opportunity to help develop the ETF market in Brazil, which ultimately benefits investors with cost-effective and more transparent investment options.”
BNP Paribas launched securities services in Brazil in 2010, offering custody of assets for foreign and domestic investors, as well as administration and custody of local funds. Today, Brazil is one of 27 countries within BNP Paribas’ expanding proprietary custody network, giving investors access to over 90 markets worldwide.
Notes to editors: *Source: Brazilian Stock Exchange B3
About BNP Paribas Securities Services (http://securities.bnpparibas.com) BNP Paribas Securities Services, a wholly owned subsidiary of the BNP Paribas Group, is a leading global custodian and securities services provider. It had assets under custody of EUR 9.4 trillion as at 31.03.2018. Backed by the strength of the BNP Paribas Group, we provide multi-asset post-trade and asset servicing solutions for buy and sell-side market participants, corporates and issuers. With local expertise in 36 countries and a global reach covering 90+ markets, our network is one of the most extensive in the industry, enabling clients to maximize their investment opportunities worldwide.
The information contained within this document (‘information’) is believed to be reliable but BNP Paribas Securities Services does not warrant its completeness or accuracy. Opinions and estimates contained herein constitute BNP Paribas Securities Services’ judgment and are subject to change without notice. BNP Paribas Securities Services and its subsidiaries shall not be liable for any errors, omissions or opinions contained within this document. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. For the avoidance of doubt, any information contained within this document will not form an agreement between parties. Additional information is available on request.
BNP Paribas Securities Services is incorporated in France as a Partnership Limited by Shares and is authorised and supervised by the European Central Bank (ECB), the ACPR (Autorité de Contrôle Prudentiel et de Résolution ) and the AMF (Autorité des Marchés Financiers).
BNP Paribas Securities Services, London branch is authorised by the ACPR, the AMF and the Prudential Regulation Authority and is subject to limited regulation by the Financial Conduct Authority and Prudential Regulation Authority. Details about the extent of our authorisation and regulation by the Prudential Regulation Authority and regulation by the Financial Conduct Authority are available from us on request. BNP Paribas Securities Services, London branch is a member of the London Stock Exchange. BNP Paribas Trust Corporation UK Limited (a wholly owned subsidiary of BNP Paribas Securities Services), is incorporated in the UK.
In the U.S., BNP Paribas Securities Services is a business line of BNP Paribas which is incorporated in France with limited liability. Services provided under this business line, including the services described in this document, if offered in the U.S., are offered through BNP Paribas, New York Branch (which is duly authorized and licensed by the State of New York Department of Financial Services); if a securities product, through BNP Paribas Securities Corp. or BNP Paribas Prime Brokerage, Inc., each of which is a broker-dealer registered with the Securities and Exchange Commission and a member of SIPC and the Financial Industry Regulatory Authority; or if a futures product through BNP Paribas Securities Corp., a Futures Commission Merchant registered with the Commodities Futures Trading Commission and a member of the National Futures Association.
New York/Paris, September 13, 2018 – FrenchFounders, a next generation Business Club, and BNP Paribas, a leading European Bank, will host the 2018 Startup Tour Grand Final on September 26 at The Pierre Hotel in New York City.
Earlier this year, more than 180 startups applied to be part of the Tour, and 40 of them were shortlisted to pitch in front of the juries of six major business and innovation centers: Miami, Montreal, San Francisco, Los Angeles, New York and Paris. In 2018, the competition became transatlantic by opening its doors not only to French entrepreneurs wishing to develop in North America, but also to American entrepreneurs wishing to establish themselves in France.
Last year, the winner was Thibault Duchemin, co-founder and CEO of AVA, an artificial Intelligence solution with the mission to make the world 100% accessible to people who are deaf and hard of hearing.
Below are the 9 startups that will compete in the Grand Final:
Mickaël Ohana, Managing Partner, Bandsintown Group
Roger Spitz, Head of Technology, Media & Telecom M&A Advisory Americas, BNP Paribas
Sarfraz Maredia, Regional General Manager, U.S. & Canada Operations, Uber
Valérie Hermann, President Global Brands, Ralph Lauren
In addition, the ceremony will open and close with two roundtables on Climate and Cybersecurity. This year’s Startup Tour has also received the CO2-Neutral certification by CO2logic. For more information on this certification, please visit: https://www.co2logic.com/en/co2-neutral%C2%AE-label
Creates Global Credit Markets Americas, integrating the credit market activities of Global Markets Americas and Global Banking Americas under a single management structure
Organizes origination activities into High Grade Finance, Asset Finance & Securitization and Leveraged Finance
Hires Christopher Blum as Head of Leveraged Finance for North America
New York, July 23, 2018: BNP Paribas, as part of its CIB 2020 development plan, is committed to strengthening and enhancing its credit activities in the Americas as well as expanding and deepening its corporate, institutional and sponsor client base.
In order to streamline the organization to support this growth plan, BNP Paribas has created a new unit called Global Credit Markets Americas bridging the existing credit units of Global Markets Americas and Global Banking Americas. This new unit integrates all primary origination, financing & syndication and secondary sales, trading & research activities across credit products into one platform.
The platform will be headed by Matthew Salvner, with Dan Cozine becoming Deputy Head focused on primary markets activities.
Origination within Global Credit Markets Americas will be reorganized into three areas:
High Grade Finance will include the Bond and Loan Origination & Structuring teams covering Corporate Investment Grade, Financial Institution and Latin American clients.
Asset Finance & Securitization brings together ABS, RMBS & CLO Securitization with the Asset Finance teams covering Power, Infrastructure & Project Finance, Export Finance, Transportation Finance, Metals & Mining Structured Debt, and Asset Based Lending into one platform encompassing all structured debt products.
Leverage Finance will include all leveraged loan and high yield bond activities with both corporate and sponsor clients.
The development of the bank’s presence in leveraged finance and high yield is part of the development plan, and the bank is pleased to announce the appointment of Christopher Blum as Head of Leveraged Finance for North America. In this role, Chris will oversee the growth of all leveraged finance and high yield origination with all sponsor and corporate clients. Chris brings to this role close to 20 years of experience in leveraged finance and high yield, most recently as Co-Head of Leveraged Finance at Deutsche Bank.
Bob Hawley, CEO of CIB Americas, stated: “As part of our regional goals for the Group’s 2020 plan, CIB Americas plans to expand our credit market activities, which include strengthening our origination platform, and as part of that enhancing our Leveraged Finance franchise. This combined origination platform will help us expand domestically in addition to helping us further grow our transatlantic capabilities, where the bank holds leading positions, and continue to support diverse European issuers in the Americas markets and vice versa.”
About BNP Paribas in the USA
BNP Paribas has built a strong and diversified presence in the United States to support its client base. The bank employs over 16,000 people and has had a presence in the USA since the late 1800s. Bank of the West and First Hawaiian Bank (together BancWest, part of Retail Banking & Services) serve nearly 3.5 million individual, wealth and SME clients through a branch network of more than 650 branches and business centers. Large corporate and institutional clients are serviced by BNP Paribas’ Corporate & Institutional Banking franchise that has a presence in the main US cities, in addition to a global reach through a network of offices in EMEA and APAC. The bank also offers asset management services through BNP Paribas Investment Partners (part of Retail Banking & Services) as well as Real Estate and Fleet Services through partnerships. www.usa.bnpparibas About BNP Paribas Group
BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 73 countries, with more than 196,000 employees, including around 149,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the European leader in consumer lending.
BNP Paribas is rolling out its integrated retail banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. www.group.bnpparibas Press Contacts
Mylene Benmoussa
+1 646 322 5221 mylene.benmoussa@us.bnpparibas.com
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