BNP Paribas Securities Services, a leading global custodian with EUR 12.6 trillion in assets under custody[1], today announces a major expansion of its broker-to-custody offering and has signed Spuerkeess, a top tier bank in Luxembourg, onto the platform.
BNP Paribas’s integrated broker-to-custody solution, which was previously available in the US and APAC, is now available across Europe further to BNP Paribas’s recent expansion in equities flow trading in the region.
Using BNP Paribas’s open architecture, clients can execute trades via BNP Paribas and other participating brokers while benefiting from seamless integration with BNP Paribas Securities Services’ leading custody offering and global reach.
Integrating execution and custody enables clients to execute and settle trades across different markets with one single instruction. This helps them simplify and automate trade workflows for enhanced straight through processing, achieve greater operational efficiency and reduce risk.
Spuerkeess will use the broker-to-custody solution to execute and settle trades on behalf of its retail clients. As part of this mandate, BNP Paribas Securities Services will provide Spuerkeess with custody services for a portfolio of assets worth EUR 16 billion.
Aly Kohll, Executive Vice President at Spuerkeess, said: “We are very pleased to have selected BNP Paribas as our new provider of an integrated broker-to-custody solution. This partnership with one of the leading global custodian and securities services providers ensures Spuerkeess a fully automated operational process while giving our clients a seamless and highly efficient access to some 20 European equity markets”.
Torsten Schoeneborn, Global Co-Head of Electronic Equities and Portfolio Trading at BNP Paribas, said: “The broker-to-custody platform is a central pillar of our investment in equities execution and underscores our ambitions as a leader in Global Equities. Leveraging our highly innovative trading platform, we believe that we are in a unique position to offer unparalleled client service. We look forward to delivering a seamless experience across the entire trade lifecycle from pre trade services and execution all the way to settlement and reporting to Spuerkeess.”
Bruno Campenon, Head of Financial Institutions and Corporates client line at BNP Paribas Securities Services, said: “We are delighted to welcome Spuerkeess onto our broker-to-custody platform. The simplicity afforded by this offering means clients can increase operational efficiency, scale their operations and access new markets quickly and efficiently. This is a powerful solution, which enables us to meet our clients’ evolving needs and highlights the strength of BNP Paribas’s integrated banking model.”
[1] As of 31 December 2021. Source: BNP Paribas Group Q4 2021 results.
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About BNP Paribas Securities Services (securities.cib.bnpparibas)
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 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.
Disclaimer:
The information contained within this document (‘information’) is believed to be reliable but BNP Paribas Securities Services does not warrant its completeness or accuracy. Opinions and estimates contained herein constitute BNP Paribas Securities Services’ judgment and are subject to change without notice. BNP Paribas Securities Services and its subsidiaries shall not be liable for any errors, omissions or opinions contained within this document. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. For the avoidance of doubt, any information contained within this document will not form an agreement between parties. Additional information is available on request.
BNP Paribas Securities Services is incorporated in France as a Partnership Limited by Shares and is authorised and supervised by the European Central Bank (ECB), the ACPR (Autorité de Contrôle Prudentiel et de Résolution) and the AMF (Autorité des Marchés Financiers).
In the UK, BNP Paribas Securities Services is authorised and regulated by the European Central Bank and the Autorité de Contrôle Prudentiel et de Résolution. Deemed authorised by the Prudential Regulation Authority and with deemed variation of permission. Subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority’s website. BNP Paribas Securities Services London Branch is registered in the UK under number FC023666. UK establishment number: BR006393. UK establishment office address: 10 Harewood Avenue, London NW1 6AA.
In the U.S., BNP Paribas Securities Services is a business line of BNP Paribas which is incorporated in France with limited liability. Services provided under this business line, including the services described in this document, if offered in the U.S., are offered through BNP Paribas acting through its New York Branch (which is duly authorised and licensed by the State of New York Department of Financial Services) or BNP Paribas Financial Services LLC, a limited liability company organised under the laws of the State of Delaware; if a securities product, through BNP Paribas Securities Corp. which is a broker-dealer registered with the Securities and Exchange Commission and a member of SIPC and the Financial Industry Regulatory Authority; or if a futures product through BNP Paribas Securities Corp., a Futures Commission Merchant registered with the Commodities Futures Trading Commission and a member of the National Futures Association.