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News (12/57)
BNP Paribas Securities Services wins custody and depositary services mandate from Fineco Asset Management
BNP Paribas Securities Services wins custody and depositary services mandate from Fineco Asset Management
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BNP Paribas Securities Services wins custody and depositary services mandate from Fineco Asset Management

17/12/2018

BNP Paribas Securities Services, a leading global custodian with EUR 9.5 trillion in assets under custody, has won a mandate to provide Fineco Asset Management with a range of custody and depositary banking services in Ireland

As part of this mandate, BNP Paribas Securities Services will provide Fineco Asset Management with global custody, depositary banking, fund administration and transfer agency services as well as OTC derivative valuation and passive currency overlay services.

Fineco Asset Management, wholly owned by FinecoBank, was established in May 2018 to manage assets through direct funds, funds of funds and through strategic partnerships with the best international managers on the market.

Stefano Catanzaro, General Manager of BNP Paribas Securities Services Italy, said:

"We are very proud to have partnered with Fineco Asset Management on their asset management expansion project in Ireland. Our local expertise in Ireland and Italy and flexibility in designing the right operating model have enabled us to win this prestigious mandate.”

Fabio Melisso, CEO of Fineco Asset Management, said:

“We are delighted with the collaboration that Fineco Asset Management has started with BNP Paribas Securities Services which began with a feasibility analysis and grew into the development of a fund creation process. The entire process was managed with an innovative approach and fast turnaround, enabling the launch of 40 funds in less than a year.”

Ends

Press Contact:

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

Silvia Aralla  silvia.aralla@bnpparibas.com  +39 02 7247 4087

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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.

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