The move enables BNP Paribas Securities Services to provide international and regional investors with access to the Peruvian market. As part of this launch, BNP Paribas Securities Services has become a direct participant in CAVALI, Peru’s central securities depository, and is able to offer its clients direct access to this CSD.
Víctor Sánchez, CAVALI CEO, said: “BNP Paribas Securities Services’ entry into CAVALI represents an important milestone, which will contribute to the development of the Peruvian market. BNP Paribas brings its wealth of international experience and will help further promote the growth of our financial market.”
Alvaro Camuñas, head of BNP Paribas Securities Services Spain and Latin America, said: “We are committed to the Latin American region where we have been expanding our network and developing a strong local know-how. Peru is an exciting addition to our global network and we look forward to continuing to partner with our clients in the region.”
BNP Paribas Securities Services launched local custody and clearing solutions in Brazil in 2010 followed by Colombia in 2013.