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BNP Paribas Securities Services wins US local custody mandate from Raiffeisen Bank International
BNP Paribas Securities Services wins US local custody mandate from Raiffeisen Bank International
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BNP Paribas Securities Services wins US local custody mandate from Raiffeisen Bank International

10/04/2017

Raiffeisen Bank International AG (RBI) has selected BNP Paribas Securities Services as local custodian for its US $3.2bn US domestic portfolio. 

RBI, a leading corporate and investment bank and established custody provider serving Austria and 18 Central and Eastern European markets, appointed BNP Paribas Securities Services following a competitive tender.

“BNP Paribas Securities Services’ international presence and global operating model were key to our decision to appoint them as our local US custodian” said Stefan Wallner, Head of Network Management at RBI. “We were also impressed with the quality of BNP Paribas’ corporate actions services and the expertise and commitment of the team.”

Bruno Campenon, Head of Custody and Clearing Services for BNP Paribas Securities Services in the Americas, said: “We are delighted to have won this mandate, which demonstrates our growing strengths and expertise in the US.

“RBI, a long-standing partner of BNP Paribas Securities Services, will benefit from our local expertise and client service as well as our presence in both the US and Europe, which will provide them with extended 16-hour service coverage throughout the day.”

BNP Paribas Securities Services, a leading global custodian with USD 9 trillion in assets under custody, launched its US custody offering in 2012 to provide post-trade services to international banks, brokers and institutional investors seeking access to the US market.

For the second year running, BNP Paribas Securities Services achieved the highest local market scores in the US in Global Custodian's Agent Banks in Major Markets survey.

 

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Press Contacts



BNP Paribas Securities Services

Caroline Lumley        caroline.lumley@uk.bnpparibas.com     +44 (0)20 7410 4650

Simon Danaher         simon.danaher@uk.bnpparibas.com      +44 (0)20 7595 9108

 

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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 offices in 34 countries and a global reach covering 95 markets, our network is one of the most extensive in the industry, enabling clients to maximise their 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.

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