As part of this mandate, BNP Paribas Securities Services will clear all derivatives transactions relating to Arca Fondi’s Italian-domiciled funds and Luxembourg SICAVs as well as transactions relating to its pension fund and asset management mandates, representing a total of EUR 32 billion in assets*.
Arca Fondi is one of the leading asset management companies in Italy with 100 distribution agencies, 8,000 branches and a large network of financial promoters and online channels.
Ugo Loser, Chief Executive Officer and General Manager of Arca Fondi SGR said:
"Thanks to this new partnership, we have taken a further step forward in making our internal portfolio management processes even more efficient and in providing increasingly innovative solutions to our investors."
Stefano Catanzaro, General Manager of BNP Paribas Securities Services Italy, said:
"We are delighted to have won this additional mandate from Arca Fondi and welcome the renewed trust of this important client with whom we share a strong focus on clients and operational efficiency.”
*figures as of 31 March 2019
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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.