Headquartered in Milan, ERGO Previdenza has around 390,000 customers and specialises in pension products and insurance solutions for savings and investment.
BNP Paribas Securities Services was selected for its multi-asset servicing expertise, on-the-ground knowledge and experience in the Italian market as well as its ability to develop integrated solutions.
Stefano Catanzaro, General Manager of BNP Paribas Securities Services Italy, said "This is a very important mandate that highlights our commitment to providing integrated services to companies operating in the life insurance business. We are pleased to support ERGO in this dynamic market.”
Erik Stattin, CEO of ERGO Previdenza, commented: “We are pleased with our decision to entrust BNP Paribas Securities Services with the administration of the securities held by our company – as their operational model perfectly meets our needs."
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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 95 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.