BNP Paribas Securities Services will provide PRIAMO with custody and transaction settlement services. The bank will also verify the fund’s asset value and monitor regulatory limits as agreed with asset managers.
Stefano Catanzaro, General manager of BNP Paribas Securities Services Italy, said:
"This mandate strengthens our market position as one of the preferred service providers for pension funds in Italy. We are pleased to partner with Fondo Pensione PRIAMO and support them in their growth.”
BNP Paribas Securities Services has been active in the Italian market for over 25 years offering a full range of services and post-trade solutions to a diversified client base including asset managers, asset owners, banks and brokers.
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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. It provides multi asset post trade and asset servicing solutions for institutional participants in the investment cycle, from the buy-side and sell-side to corporates and issuers. Covering over 90+ markets, offices in 34 countries, the BNP Paribas network is one of the most extensive in the industry. We bring together local insight and a global network to enable clients to maximize their market and investment opportunities worldwide.
Key figures as of 31 December 2016: USD 9.1 trillion in assets under custody, USD 2.1 trillion in assets under administration, 10,166 funds administered and over 10,000 employees.