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BNP Paribas Securities Services wins clearing and collateral management mandate from Euromobiliare SGR
BNP Paribas Securities Services wins clearing and collateral management mandate from Euromobiliare SGR
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BNP Paribas Securities Services wins clearing and collateral management mandate from Euromobiliare SGR

20/07/2018

BNP Paribas Securities Services, a leading global custodian with EUR 9.4 trillion in assets under custody, has been selected by Euromobiliare SGR to provide clearing, collateral management, valuation, and portfolio reconciliation services for its OTC derivatives transactions

Euromobiliare Asset Management SGR, part of the CREDEM Group, was founded in 1984 and actively participated in the establishment and evolution of the Italian asset management industry. Based in Milan, Euromobiliare Asset Management SGR manages a range of Luxembourg domiciled funds as well as mandates for institutional clients.

 

Fulvio Albarelli CEO and General Manager of Euromobiliare Asset Management SGR said:

"Our goal of providing increasingly efficient and innovative solutions to savers will benefit from the collaboration with BNP Paribas Securities Services in the OTC derivatives business. The union of the respective experiences and professionalism will allow us to continue to create value over time for our customers and our distribution networks."

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

"We are delighted to have won this mandate from Euromobiliare SGR, one of the most important asset management companies in Italy. Euromobiliare SGR is the first Italian asset manager to utilise the full suite of services of BNP Paribas Securities Services along with our market leading OTC derivatives clearing service, helping them to efficiently manage their collateral and meet EMIR requirements.”

Gaspard Bonin, Deputy Global Head of Derivatives Execution & Clearing, BNP Paribas, commented:

“We are pleased that Euromobiliare SGR, a leading Italian asset manager, has appointed us as derivatives clearing broker. Euromobiliare SGR will benefit from the fully integrated suite of investor services BNP Paribas is able to deliver. This mandate confirms BNP Paribas as leading European-based partner of choice for derivatives execution and clearing services across listed and OTC markets.”

BNP Paribas Securities Services has been active in the Italian market for over 25 years, offering a full range of post-trade services and solutions to a diversified clientele including asset managers, banks and intermediaries.

- Ends -

Local Contacts

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

Global 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 sellside 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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