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BNP Paribas Securities Services announces the closing of the acquisition of Banco BPM’s depositary banking business
BNP Paribas Securities Services announces the closing of the acquisition of Banco BPM’s depositary banking business
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BNP Paribas Securities Services announces the closing of the acquisition of Banco BPM’s depositary banking business

28/09/2018

BNP Paribas Securities Services, a leading global custodian with more than EUR 9 trillion in assets under custody, today announces the completion of the acquisition of Banco BPM SpA’s (BPM) depositary banking business. The transaction was announced in February 2018

BPM’s depositary bank provides custody, fund administration and depositary banking services to funds and institutional clients in Italy.

Commenting on the acquisition, Stefano Catanzaro, General Manager of BNP Paribas Securities Services Italy, said:

"We are delighted to announce the completion of this acquisition, which consolidates our position as a leading asset servicing provider in Italy and strengthens our offering in the country.”

The transaction was approved by the relevant regulatory authorities.

-Ends-

Local Press Contacts

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

Global Press Contacts

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 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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