This is a strategic mandate for BNP Paribas Securities Services in the Americas. S.D. Indeval is the Central Securities Depository for the Mexican market and the institution managing the International Quotation System (SIC).
Claudia Calderon, Head of Hispanic LatAm for BNP Paribas Securities Services, commented:
"We are delighted to have been selected by S.D. Indeval who will benefit from our wide network around the world, our global and multi-local expertise, and our commitment to client service."
Roberto Gonzalez Barrera, CEO of S.D. Indeval, commented:
"We are very pleased to have selected BNP Paribas as our custody provider for European and global markets. We count on their expertise to further develop our capabilities to access foreign markets. BNP Paribas will also act as secondary provider for the US and Canadian markets, a critical element on our risk management strategy.”
Since 2010, BNP Paribas Securities Services has rapidly expanded in the Americas, launching local custody and clearing in the United States, Brazil, Colombia and, most recently, Peru.
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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.
About Indeval (www.indeval.com.mx)
Indeval is the Central Securities Depository (DCV) of Mexico for all operations executed in the Mexican stock market, as well as for money market instruments. Indeval belongs to the group of the Mexican Stock Exchange (Grupo BMV) and is in charge of the national and international custody of assets, as well as administrative tasks on behalf of Mexican issuers. Recently they have experienced significant growth, with an increase in revenues of almost 60%.