We are proud to share that the leading financial sector publication Euromoney has named BNP Paribas Europe’s Best Bank for Securities Services, alongside 13 other regional and country accolades, in its Awards for Excellence 2025. This is the second year in a row that BNP Paribas’ Securities Services business is awarded by Euromoney, whose research committee already elected us as World’s Bank for Securities Services in 2024. This continuing recognition further demonstrates the relevance of our long-term commitment to trusted relationships and reinforces our dedication to delivering outstanding service and continuous innovation.
For over 30 years, Euromoney has recognised the banks and bankers that have demonstrated their differentiation, pioneering a comprehensive awards programme that today remains the industry benchmark globally. In its editorial below, Euromoney provides some insight into our recognition as the European leader in securities services.
We would like to extend our gratitude to our clients for their abiding trust, as we remain committed to the development of our offering worldwide.
Europe’s best bank for securities services 2025: BNP Paribas
BNP Paribas’ securities services delivered a standout performance in 2024 and into the first quarter of 2025, keeping up momentum and innovation in its European markets.
The bank’s diversified, multi-local model, operating proprietary custody and fund-administration capabilities in 27 European and global markets, translated into the strongest first-quarter revenue performance among the industry’s big five custodians: group revenue rose 9.4 % year-on-year.
Transaction volumes, buoyed by heightened market volatility at European sell-side clients, jumped 26%, while private-capital servicing revenue grew roughly 20% as the bank continued to ride a continental wave of infrastructure and re-industrialisation investment.
Our diversified, multi-local model – patiently built over 15 years – has delivered outstanding results, and gives us confidence for the next decade
Patrick Colle, head of securities services and chairman of financial institutions coverage at BNP Paribas
“Our diversified, multi-local model – patiently built over 15 years – has delivered outstanding results, and gives us confidence for the next decade,” says Patrick Colle, head of securities services and chairman of financial institutions coverage at BNP Paribas, underlining the strategic patience behind the platform’s 2025 performance.
This expansion reflected an asset-agnostic strategy. BNP Paribas now administers €13.25 trillion ($15.51 trillion) of private capital assets, claiming top three local-custodian status across every major European market.
Its dual engine of large global custody mandates from buy-side institutions and sub-custody mandates from European and US broker-dealers has insulated the business from the drag of softer asset valuations, particularly during 2024’s rate-driven repricing. Net interest earnings rose at a double-digit rate last year after the bank renegotiated cash-deposit spreads with virtually its entire European client base.
“The bank’s scale positions it to lead industry-wide change and extract efficiency gains akin to those it saw in North America“
Product development has kept pace with that commercial advance. The bank’s completely rebuilt client portal, Neolink, went live in 2024,embedding an AI assistant and including a suite of APIs that run from trade settlement through NAV calculation.
For Europe’s fast-growing private assets sector, the bank layered on CapLink, a workflow platform that offers real-time capital calls and other notifications – functionality that is still absent at many peers. In public market post-trade, BNPP deepened its relationship with Broadridge to streamline European class-action processing and expanded its equity-services joint venture Proxymity to further automate cross-border proxy voting.
Looking ahead to the region’s 2027 shift to T+1 settlement, executives point to lessons learned as an active member of the US working group and to experience in India’s near-T-0 environment. The bank’s scale positions it to lead industry-wide change and extract efficiency gains akin to those it saw in North America.
The Paris-based house signalled its next frontier on data. A December2024 alliance with French fintech NeoXam is converting a bespoke investment-data service, already live with two mega European asset owners, into a scalable offering that aggregates portfolio, risk and performance data across dozens of external managers.
BNP Paribas’ Securities Services delegation[1] at Euromoney’s Awards for Excellence 2025 ceremony.
“The next frontier is becoming a master data custodian, giving asset owners a single, scalable platform to aggregate performance, risk and reporting across all of their external managers,” says Colle, outlining a vision that fuses custody with data mastery in a model that could define the next decade of growth.
A globally recognised custodian
This esteemed distinction caps off a streak of 26 awards won by Securities Services so far in 2025 across regions, including Agent Bank of the Year (Global Custodian), Best Administrator – Middle-Office Services (HFM), and Best ESG Custodian (The Asset). This widespread recognition bears witness to the success of our global/multi-local, integrated bank strategy, drawing its strength from our embedded culture of excellence.
[1] From left to right:
- Ed Balls, former UK Shadow Chancellor of the Exchequer
- Stefano Semprini, Global Relationship Manager, Securities Services, BNP Paribas
- Claudia Baptista, Operations Lead Manager, Securities Services, BNP Paribas
- Philippe Benoit, Head of Strategic Business Development & Transformation, Securities Services, BNP Paribas
- Benedicte Dumortier, Head of Asset Owners and Asset Managers Strategy and Planning, Securities Services, BNP Paribas
- Arnaud Liziard, Head of External Communications, Securities Services, BNP Paribas
- Laurie McAughtry, Head of Capital Markets, Euromoney