BNP Paribas Securities Services establishes global custody partnership in Saudi Arabia
The joint servicing model between BNP Paribas and Riyad Capital is the first of its kind in the Kingdom and the region, according to the two firms.
The joint servicing model between BNP Paribas and Riyad Capital is the first of its kind in the Kingdom and the region, according to the two firms.
French securities services provider to act as global custodian, while Helaba Invest will work on specialised asset servicing.
Custodian looks to connect institutional investors with FinTechs for sustainability insights with latest data and tech partnership.
The mandate win for one of China's largest investment firms follows BNP Paribas Securities Services’ recent build-out of its ETF capabilities.
Reappointment represents €3.5 billion in assets under custody and builds on BNP Paribas’ revenues increase from 2020.
The two firms stated they observed an 84% reduction in trade breaks and a significant reduction in non-value-added reconciliation work through the platform.
BNP Paribas saw a market rebound effect on assets under custody, particularly in the Americas and Asia-Pacific region.
Deutsche Bank’s sub-custody business dealt a huge setback as its biggest client severs ties, casting a shadow over the German securities services provider’s future.
The bank’s initial margin service will enable APAC-based firms to outsource their initial margin models and processes ahead of the incoming UMR rules.
The hire will help develop and grow FNZ's business in the Nordic region for the financial and securities industry.