BNP Paribas’s Securities Services business, a leading global custodian with EUR 11.1 trillion in assets under custody, has been mandated by Coöperatie Univé U.A., based in the Netherlands, to provide tailored investment and financial administration, regulatory reporting and global custody services for its EUR 1.3 billion global assets.
Univé, a cooperative insurance company offering car-, home- and health insurances including other services to their 1.6 milion members, appointed Securities Services at BNP Paribas as their global custodian to provide tailor-made investment and financial administrative solutions, and make use of the local expertise of their operational and relationship management teams in Amsterdam.
Arjen Schouten, Chief Financial & Risk Officer (CFRO) at Coöperatie Univé U.A., stated: “Univé is a cooperative that put their members at the forefront of their strategy. From our providers, we expect that same client-focussed approach. We are confident that in BNP Paribas’s Securities Services business we found a committed and experienced provider that meets this expectation. We look forward to an extended, successful and trustworthy relationship.”
Mark Schilstra, Head of the Netherlands and Nordics for Securities Services at BNP Paribas, said: “We are delighted that Univé have chosen us as their new asset services provider in the Dutch market. This mandate win highlights our strong position in the Netherlands and ability to offer front-to-back solutions tailored towards our insurance clients’ needs.”
 Source: BNP Paribas’s results as at 31 December 2022.
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About Securities Services at BNP Paribas (securities.cib.bnpparibas)
BNP Paribas’s Securities Services business is a leading global custodian providing multi-asset post-trade and asset servicing solutions to buy-side and sell-side market participants, corporates and issuers. With a global reach covering 90+ markets, its custody network is one of the most extensive in the industry, enabling clients to maximise their investment opportunities worldwide.
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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 (SEC) and a member of the Securities Investor Protection Corporation (SIPC) and the Financial Industry Regulatory Authority (FINRA); or if a futures product through BNP Paribas Securities Corp., a Futures Commission Merchant registered with the Commodities Futures Trading Commission (CFTC) and a member of the National Futures Association (NFA).
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