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BNP Paribas Securities Services to acquire the depositary banking business of Banco Sabadell
BNP Paribas Securities Services to acquire the depositary banking business of Banco Sabadell
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BNP Paribas Securities Services to acquire the depositary banking business of Banco Sabadell

01/04/2020


We are pleased to announce that we have signed an agreement to acquire the depositary banking business of Banco Sabadell, which represents EUR 22 billion in assets under depositary. Banco Sabadell is the fourth biggest banking group in Spain.

Soledad Lecube, Head of BNP Paribas Securities Services Spain, commented:

"The acquisition of Sabadell’s depositary banking business consolidates our position as a leading asset servicing provider in Spain, where we are the first depositary bank for independent asset managers. It is part of our strategy to develop our network in targeted markets in Europe and globally.”

The deal is set to close in the second quarter of 2021 and is subject to customary conditions, including regulatory approval.

We would like to thank our clients for their partnership and remain committed to the continued development of our offering worldwide.

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