BNP Paribas Securities Services announces it has taken a strategic stake in the capital of fintech AssetMetrix. This partnership will enable BNP Paribas Securities Services to expand and digitalise its services to private capital clients and investors.
New presence to support clients and growth of markets business in South Florida
New York, NY & Miami, FL, January 11, 2023 – BNP Paribas Securities Corp, a unit of Europe’s leading bank BNP Paribas, today announced its plans to open a new office in the metro-Miami area. The Miami office will support the continued growth of its Global Markets business in the US, amongst others, and the increasing number of clients with a foothold in South Florida. The hub will provide an additional gateway to its regional clients, as well as expand on its network of US campuses.
The new office will be located at 801 Brickell Avenue in Miami’s financial hub, officially open for business in the 4th Quarter 2023, and employ nearly 50 full-time professionals in credit, equities, and macro products. A seven and a half year lease for the office was recently signed.
José Placido, Chief Executive Officer of CIB Americas at BNP Paribas, said: “Our new office is another recent example of scaling our business in ways that fully support our client’s ambitions, as more of our clients build a presence in South Florida. With this opportunity to better serve our clients, we deliver on our ambitions to grow our corporate and institutional banking franchise in the Americas. Our new Miami office also continues with our ‘workplace of the future’ model, focusing on wellbeing and employee experience.”
John Gallo, Head of Global Markets Americas at BNP Paribas, said: “We’re very excited to be in the growing business environment of South Florida. This office will allow us to be closer and better serve our clients, many of whom have also migrated to the area, particularly Miami and Palm Beach.”
BNP Paribas has recently made several large real estate actions in the US including opening a new office in the Philadelphia area in October 2021. The bank has also made significant facilities and work space commitments in its two metro New York City offices in Midtown West Manhattan and Jersey City, NJ. BNP Paribas signed 20 year leases for all three properties in the greater NYC and Philadelphia areas in July 2020. The group also has offices in the following major cities* (Boston, Chicago, Dallas, Denver, San Francisco and Washington, DC).
BNP Paribas’ Miami campus will be the latest example of the bank’s efforts to create best-in-class platforms and products for its local Miami-area clients. As BNP Paribas continues to pursue and execute on its growth ambitions in the region, the Miami office will integrate seamlessly with its other offices.
*Excludes presence of Bank of the West, for which an agreement of sale has been entered into with Bank of Montreal.
Press Contacts:
BNP PARIBAS
Guy Taylor
+1 (332) 323-3704
Guild.Taylor@us.bnpparibas.com
Robert Madden
+1 (917) 287-8501
Robert.Madden@us.bnpparibas.com
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 specialized 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 realize 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.
BNP Paribas, Europe’s leading financial institution, announces today the appointment of several senior executives to its Global Markets Americas division. The appointments demonstrate the bank’s commitment to the Americas region and ambition to grow its Global Equities, Global Credit and Global Macro franchises.
Kunal Maini is appointed Co-Head of Global Macro – Americas. He will support the bank’s effort to strengthen its client-centric Global Macro business featuring a state-of-the-art digital offering and expertise across Rates, FX and Commodities. In addition, he will be responsible for globalizing our US Rates franchise by developing stronger client connectivity and product innovation.
Mr. Maini has deep experience in the global macro space, with 16 years of experience in New York and five in Tokyo. He joins BNP Paribas from Morgan Stanley, where he was Global Head of Government Bond, Inflation and E-Trading.
John Hanisch is appointed Co-Head of Secondary Credit Americas and Global Head of Securitized Products Trading. As a member of the management team overseeing the Americas credit platform, Mr. Hanisch will support the continued development of the bank’s secondary credit franchise in the region and he will direct the Securitized Products Trading franchise globally.
Mr. Hanisch joins BNP Paribas following two years on the buy-side at Hayfin Capital Management prior to which he was at Deutsche Bank for 12 years, most recently as Global Head of Securitized Products Trading.
Charlie Shah is appointed Head of IG & CDS Trading Americas, and Bo Bazylevsky is appointed Head of LatAm Flow Credit Trading. Both appointments will also support the bank’s ambition to expand its broader credit franchise in the region.
Mr. Shah has over 20 years of industry experience, most recently at RBC where he ran the US Investment Grade Trading Business. He will focus on delivering a full IG product suite across cash and derivatives to the bank’s clients.
Mr. Bazylevsky joins BNP Paribas from Stifel where he was Head of Emerging Markets. He brings over 20 years of trading experience in emerging markets fixed income and has worked at institutions like JP Morgan, Bank of America- Merrill Lynch and Bear Stearns.
Michael Rietbrock is appointed Head of Research within the bank’s Global Equities business. He will support the development of BNP Paribas Exane as a leading provider of equity research in the US. Mr. Rietbrock will help scale up Equity Research and Cash Execution in the US. These efforts, along with the bank’s strengths in prime services and equity derivatives across regions, will allow for increased strategic dialogue with clients across the bank’s Global Markets Americas division.
Mr. Rietbrock has over 30 years of experience in the equity research space. First, he performed as a top-ranked analyst, and subsequently as a research manager at Bank of America, Nomura and MoffettNathanson, LLC.
Robert McDonald is appointed Head of Strategic Equity Solutions and Equity-Linked Origination and Nadim Siddique is appointed Head of Strategic Equity Derivatives Trading within the bank’s Global Equities business. Strategic Equity Solutions and Equity-Linked Origination are key pillars of growth within Global Equities and Corporate Sales in Global Markets. As partners across sales and trading, Mr. McDonald and Mr. Siddique will structure and execute convertible transactions and equity derivative solutions, including share buyback programs, hedging and monetizing positions through margin loans, variable pre-paid forwards, and other innovative structures.
Mr. McDonald has worked in the equity capital markets and equity corporate derivatives space since 2008. Previously, he performed senior leadership roles at Mizuho, Credit Suisse and Nomura in both New York and London.
Mr. Siddique has 25 years of experience leading equity derivatives trading teams within both the sell- and buy-side institutions. Prior to joining BNP Paribas, he performed senior leadership roles at CIBC World Markets Group, Citadel, Morgan Stanley and JP Morgan.
John Gallo, Head of Global Markets Americas at BNP Paribas, said: “There is an enormous opportunity to develop our client relationships in the Americas, not only across our Global Markets platform, but also across our entire Corporate and Institutional Banking division. We are proud to welcome our new colleagues who represent our commitment to strengthen our client offering and our ambition to be the leading European bank globally.”
BNP Paribas has been present in the Americas for more than a century. It provides capital markets, securities services, financing, treasury and advisory solutions to corporates and institutional investors. As part of the bank’s Corporate and Institutional Banking division, the bank’s Global Markets Americas platform offers consistent client service and innovative solutions for investment, hedging and financing opportunities across asset classes and geographies, and research and market intelligence to help clients make strategic decisions. Global Markets Americas is a strongly integrated, digitally advanced platform including Global Equities, Global Credit and Global Macro business lines.
Press Contacts:
Robert Madden
+1 (917) 287-8501
robert.madden@us.bnpparibas.com
Guy Taylor
+1 (332) 323-3704
guild.taylor@us.bnpparibas.com
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 more than 190,000 employees, including nearly 145,000 in Europe. The Group has key positions in its three main fields of activity: Retail Banking for the Group’s retail-banking networks and several specialized 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 realize 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 retail-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.
BNP Paribas, Europe’s leading financial institution, announces today the launch and roll-out of BNP Paribas Exane, a leading provider of equity research, in the US. In 2021 BNP Paribas acquired 100 percent of Exane – following a successful 17-year partnership – and has since been working to align BNP Paribas Exane’s offering with its leading Global Markets platform. To mark this official launch, BNP Paribas Exane’s US employees transferred last week to the BNP Paribas Tower in New York City and the bank’s office in San Francisco.
The U.S. launch of BNP Paribas Exane enables the bank to offer its clients a full suite of cash equities and derivatives services. Also, BNP Paribas Exane – which has been ranked the number one research provider in Europe for six consecutive years by Institutional Investor – can now distribute research to the bank’s Securities Corp. clients in the U.S. BNP Paribas Exane will expand its coverage from 180 U.S. stocks today to over 450 U.S. stocks by 2025 across the Technology, Media, and Telecommunications (TMT), Consumer, Healthcare and Industrials sectors. The expansion of U.S. stocks coverage will be supported by the bank’s ambitious plans to grow the number of analysts, sector specialists, traders, sales traders and salespeople it employs. BNP Paribas Exane today covers over 800 stocks globally.
The marking of the official launch of BNP Paribas Exane in the U.S. demonstrates continued investment in the bank’s Cash Equities platform and its broader Global Equities franchise delivering clients the full-spectrum of equity-based services to fulfill their investment, financing and execution needs. In addition to best-in-class equities research, clients will continue to benefit from the bank’s top-tier electronic execution and prime brokerage platforms migrated from Deutsche Bank, its state-of-the-art execution platform driven by Cortex Equities, the recent referral arrangement for Credit Suisse Prime Services customers, and well-recognized equity derivatives expertise developed over 30 years.
Ben Spruntulis, Head of Cash Equities at BNP Paribas, said: “This is a timely opportunity for BNP Paribas Exane to begin this new chapter in the U.S. Our team is excited to be able to offer our best-in-class research and advisory services as part of our top-tier Cash Equities platform.”
Adil El Batji, Head of Global Equities in the Americas at BNP Paribas, said: “Our ability to offer BNP Paribas Exane to clients in the U.S. is an enormous opportunity to holistically meet our clients’ needs and service the full equities value chain across research, financing, execution and derivatives. This deep partnership with clients will positon the bank as a leading European equities house on the global stage.”
José Placido, CEO of BNP Paribas CIB Americas, said: “The launch of BNP Paribas Exane in the U.S. underscores the bank’s commitment to the Americas region as a key marketplace for the Corporate and Institutional Banking division. Equities research will not only strengthen our global markets offering to institutional clients, but it will also support the bank’s ambition to further develop its Equity Capital Markets and M&A business as the leading European partner for corporates worldwide.”
-ENDS-
Press Contacts:
Guy Taylor
+1 (917) 767-1593
guild.taylor@us.bnpparibas.com
Robert Madden
+1 (917) 287-8501
robert.madden@us.bnpparibas.com
About BNP Paribas Exane
Exane was founded in 1990 with a robust business model built around three complementary business lines: Cash Equities (BNP Paribas Exane); Structured Solutions (Exane Solutions); and Asset Management (Exane Asset Management). The group expanded internationally in order to be as close to clients as possible, with Paris and London as its main offices. Over 800 employees are now spread across nine sites worldwide: Paris, London, Frankfurt, Geneva, Madrid, Milan, Stockholm, New York and San Francisco. After a successful 17-year partnership with BNP Paribas, Exane became a subsidiary of BNP Paribas in July 2021.
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 more than 190,000 employees, including nearly 145,000 in Europe. The Group has key positions in its three main fields of activity: Retail Banking for the Group’s retail-banking networks and several specialized 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 realize 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 retail-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.
By deploying AssetMetrix’s leading technology and web services within its private capital business, BNP Paribas Securities Services will give its clients access to powerful analytics and reporting tools dedicated to the analysis of non-listed investments (private equity and debt).
This will enable clients to optimise decision-making and enhance risk monitoring. Asset manager clients will also be able to provide their end investors with individual access to reporting tools for efficient and transparent oversight of their investments.
These new services – including portfolio monitoring with full look-through capabilities on investee companies, cash flow and performance forecast, risk analysis, stress testing, benchmarking, workflow and document management – will complement BNP Paribas Securities Services’ existing solutions, giving private capital clients access to a comprehensive and integrated offering.
Philippe Benoît, Head of Strategic Business Development and Transformation at BNP Paribas Securities Services, said:
“This partnership is an excellent example of the work we are doing with leading fintechs to expand and digitalise our offering and give our clients access to the latest technologies. It also highlights our commitment and capacity to continually develop our multi-asset class offering to meet our clients’ changing needs.”
Laurent Durdilly, Head of Private Capital Solutions at BNP Paribas Securities Services, said:
”This marks a major milestone in the development of our offering to private capital clients, including direct fund managers, asset owners and private equity funds of funds, who need specialist tools to monitor their non-listed investments. With this partnership, we will be able to offer our clients powerful analytics and reporting for their investors via a dedicated and interactive web portal for real-time monitoring and live scenario analysis.”
Emmeram von Braun, Founder and Managing Director of AssetMetrix, stated:
“This strategic partnership with BNP Paribas Securities Services is an important next step to further develop our independent platform and associated services. It is also an opportunity for us to continue to expand in Europe and enter the Asia-Pacific markets. “
Press Contact:
Caroline Lumley caroline.lumley@uk.bnpparibas.com +44 (0)20 7410 4650
BNP Paribas Securities Services on Twitter – @BNPP2S
Learn more about BNP Paribas Securities Services
About BNP Paribas Securities Services (www.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. 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 35 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.
About AssetMetrix (www.asset-metrix.com)
AssetMetrix is Europe’s leading next generation asset servicer. We offer modular outsourcing solutions for private capital investors: front-, middle- and back-office solutions for Limited Partners and General Partners. Our services enable private capital investors to free up their own resources for making investment decisions, benefit from our secure IT system and state-of-the-art analytics, and increase in-house transparency for optimal decision-making. AssetMetrix has more than 20 years of experience as a service provider in institutional capital investment and operates without conflicts of interest. AssetMetrix is not an investor, an investment consultant, or a placement agent, but currently administers portfolios with a total volume of over €12 billion and more than 1500 funds.
Following on from their preliminary agreement, BNP Paribas and Deutsche Bank have signed a master transaction agreement to provide continuity of service to Deutsche Bank’s Global Prime Finance and Electronic Equities clients. Under the agreement Deutsche Bank will continue to operate the platform until clients can be migrated to BNP Paribas.
Both firms will work closely together to ensure a seamless transition for clients, through the migration of technology and key staff from Deutsche Bank to BNP Paribas. This binding agreement remains subject to regulatory approvals of the relevant authorities.
“We are pleased to have signed the master transaction agreement with BNP Paribas on schedule. This is an important milestone for our Capital Release Unit and attests to the strength of our client offering and technology in these products. We are already making progress and are on the right track to implement this transaction thereby providing clear path for clients and staff,” said Frank Kuhnke, Chief Operating Officer, Deutsche Bank.
“I’m excited to announce the signing of this agreement, thanks to the close cooperation between BNP Paribas and Deutsche Bank teams. We are now looking forward to welcoming staff and serving these new clients. This agreement demonstrates BNP Paribas’ strong commitment to institutional investors globally,” said Yann Gérardin, Deputy Chief Operating Officer and Head of Corporate and Institutional Banking, BNP Paribas.
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Contact:
Hacina Habchi, +33 (0)1 43 16 86 88, hacina.habchi@bnpparibas.com
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BNP Paribas’ Bob Hawley reveals to Business Green–a global trade publication based in the UK focused on sharing news regarding a green economy–the work BNP Paribas is doing to address SDG1, the target to end poverty.
BNP Paribas, a premier global banking partner, announced today the appointment of Dr. Daniel Ahn as Chief US Economist and Head of Markets 360™ North America, the bank’s market strategy and economic commentary division.
Previously, Dr. Ahn was the Chief Economist and led data analytics at the U.S. Department of State. Before entering public service, he was the Chief Commodities Economist at Citigroup in New York and held senior economist and strategist positions at various global financial institutions. Dr. Ahn was a senior advisor at the U.S. Federal Reserve Board of Governors and held research and teaching positions at Harvard University, the National Bureau of Economic Research, Columbia University, the Council on Foreign Relations, the International Monetary Fund, Johns Hopkins University and Georgetown University. Dr. Ahn is a Global Fellow at the Woodrow Wilson Center for Scholars in Washington D.C. He received his A.B. in economics and finance from Princeton University and his Ph.D. in economics from Harvard University.
At BNP Paribas, Dr. Ahn will be responsible for delivering to clients a 360-degree view of the markets across all asset classes around the world with a focus on the US markets and economy. He will lead the economists and strategists in North America and report to John Gallo, Head of Global Markets Americas Sales, and to Kaushik Banerjee, Head of Global Macro Research. Global Macro Research is part of Markets 360™, BNP Paribas’ Strategy & Economics division headed globally by Olivia Frieser.
John Gallo stated, “We welcome Daniel to BNP Paribas and look forward to leveraging his unique insight and knowledge of the markets and US economy to strengthen our client franchise. His experience in both the public and private sectors will be extremely valuable in our service to clients.
“With Daniel’s contributions to our Markets 360™ offering, our clients will receive global perspectives and executable trade ideas that will help them make informed investment decisions as the markets move.”
Dr. Ahn, Chief US Economist and Head of Markets 360™ North America, said, “It’s a great honor and privilege for me to join the BNP Paribas community and help build on the storied bank’s impressive reputation as a leader in global markets. I’m looking forward to bringing a unique combination of skills and analytic insights to drive research, data science and macro strategy in service to the bank’s clients.”
***
About Markets 360™:
Markets 360™ is BNP Paribas’ newly revamped Strategy & Economics division, aiming to provide institutional investors, including corporate clients, with top quality market views and thought leadership in a timely manner. Markets 360™ brings Strategy and Economics together in thematic notes across asset classes. Markets 360™ strives for its market insights to be evidence-based, building on quantitative and data analysis. Our unique offer: Quantitative DNA, Emerging Markets strength, Sustainability analysis, Credit expertise and Derivatives proficiency.
About BNP Paribas in the US:
BNP Paribas is a premier global banking partner and has built a strong and diversified presence and product suite in the United States (US) to help serve its clients in today’s changing world. The bank employs over 14,000 people and has had a presence in the US since the late 1800s. Bank of the West, BNP Paribas’ retail arm, serves over two million individuals and small & businesses through a network of around 600 branches and business centers. Large corporate and institutional clients are served by BNP Paribas’ Corporate & Institutional Banking franchise that has a presence in the main US cities, in addition to a wide international reach through a network of offices in EMEA and APAC. The bank also offers asset management services through BNP Paribas Asset Management as well as Real Estate and Fleet Services through partnerships. www.usa.bnpparibas.com
About BNP Paribas:
BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 72 countries, with more than 202,600 employees, of which almost 155,000 are 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.
Media Contacts:
Mylene Benmoussa
+1 646 322 5221
Mylene.Benmoussa@us.bnpparibas.com
Guy Taylor
+1 332 323 3704
Guild.Taylor@us.bnpparibas.com
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.
Collaboration between banks and electronic market makers enters next phase
London, 15 November, 2018 – BNP Paribas, a leading European provider of banking and financial services, and GTS, a New York-based global electronic market maker, today announced the signing of a new Memorandum of Understanding (MOU).
The MOU signed at BNP Paribas’ annual flagship Global Markets conference in London expands on an existing collaboration on US Treasuries to apply to US equities. BNP Paribas continues to be committed to growing its presence in the US market and providing its clients with enhanced and innovative liquidity solutions.
BNP Paribas and GTS announced their first strategic collaboration in November 2017, enabling BNP Paribas to leverage GTS’ trading and technology capabilities to provide clients with deeper liquidity, tighter spreads and improved pricing in the US Treasuries secondary market. Since the collaboration, BNP Paribas’ secondary electronic market share with clients in US Treasuries has grown from 1.5% to 4.0%.
Olivier Osty, Head of Global Markets, BNP Paribas said:
“We are delighted to be expanding our initial transformative collaboration with GTS into the US equities space through the MOU we have signed today. BNP Paribas is committed to delivering efficient, high quality and innovative liquidity solutions to our clients and this represents significant progress in the evolution of capital markets activities.”
Ari Rubenstein, Co-Founder and Chief Executive Officer of GTS, said:
“The GTS initiative with BNP Paribas is a game-changer for clients. We are putting the most sophisticated AI and machine learning to work with outstanding results. The overall outcome is tighter spreads, lower costs and overall price improvement when accessing the equities and fixed income markets.”
PRESS CONTACTS
Alexandra Umpleby
+44 7467448780
Alexandra.UMPLEBY@uk.bnpparibas.com
About BNP Paribas
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, 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.
BNP Paribas employs more than 9,000 people across 10 business lines in the UK. These include Corporate & Institutional Banking, Exane BNP Paribas, Leasing Solutions, Arval, Real Estate (including Strutt & Parker acquired in September 2017), Asset Management, Cardif Pinnacle, Commercial Finance, Personal Finance and Vauxhall Finance. Around half of its employees are in Corporate & Institutional Banking, based in London, while the others are based in various offices across the country, including Belfast, Birmingham, Cardiff, Glasgow, Manchester.
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.
Press Contacts
Caroline Lumley caroline.lumley@uk.bnpparibas.com +44 (0)20 7410 4650
Simon Danaher simon.danaher@uk.bnpparibas.com +44 (0)20 7595 9108
BNP Paribas Securities Services on Twitter – @BNPP2S
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.