Reaffirming the Commitment to the Region and Marking the Continuation of its U.S. Custody Offering and Strategic Build-Out
BNP Paribas, a premier global bank, celebrates today the ten year anniversary of BNP Paribas Securities Services in the United States. This year marks the continuation of BNP Paribas Securities Services U.S. custody offering and the strategic build-out of the business in the U.S. as well as reaffirms the business’ commitment to the region.
In the U.S., BNP Paribas Securities Services provides a local presence within a robust global framework. BNP Paribas Securities Services is uniquely positioned to operate globally because of strong franchises in Europe, APAC and LatAm and its extensive proprietary custody network, covering 27 markets – including the U.S. Thanks to this global presence, the bank serves an extensive client base of buy-side and sell-side financial institutions, including investment managers that domicile funds in foreign markets.
BNP Paribas Securities Services has been dedicated to growing its business in the Americas, completing its crucial product set: global custody, agency securities lending, hedge fund administration, middle office and U.S. fund administration. Looking forward, the group is committed to driving growth in these activities and building out the U.S. platform.
As a top five global custodian, there was an opportunity for BNP Paribas Securities Services to become a key player among to the top U.S. firms. The U.S. has the world’s largest banking, asset manager, alternative and insurance sectors. Securing future growth, BNP Paribas Securities Services targeted the country to support the vast ecosystem of locally based investment banks, broker dealers, asset managers, asset owners, and hedge funds.
Patrick Colle, CEO of BNP Paribas Securities Services said, “I am confident that BNP Paribas Securities Services in the U.S. will continue to flourish because of the opportunities brought about by our local teams and burgeoning regional economy. With the continuous development and ongoing projects, I see further growth and strength for our U.S. presence as well as in the Americas.”
Dennis Bon, Head of Securities Services for the Americas said, “BNP Paribas Securities Services has made major investments to better serve the local needs of both U.S. and global investment managers. We began this journey with the build out of our U.S. custody capabilities and have since added significant local custody and fund servicing capabilities across the Americas. We are now very well positioned to support the securities services needs of our clients across the entire region.”
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 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 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.
About BNP Paribas
BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 65 countries and has nearly 190,000 employees, including nearly 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialised businesses including BNP Paribas Personal Finance and Arval ; Investment & Protection Services for savings, investment and protection solutions ; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, Eastern Europe as well as via a large network in the western part of the United States. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.
BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group’s performance and stability.