PREVEDI is an Italian pension fund for employees in the construction industry, providing members with additional retirement savings to supplement their state pension. The fund currently uses BNP Paribas Securities Services as its depositary bank and recently expanded this mandate to include securities lending services.
Stefano Catanzaro, General Manager of BNP Paribas Securities Services Italy, said:
“We are delighted to be extending the services we provide to PREVEDI to include securities lending. We have built a close working relationship with PREVEDI over the past few years and look forward to continuing to help them meet the needs of their members.”
“BNP Paribas' securities lending offering will help us optimise the financial management of the fund – for the ultimate benefit of our participants,"
said Diego Ballarini, CEO of PREVEDI.
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, 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 maximise their investment opportunities worldwide.