BNP Paribas mandated by BPER Banca to provide full suite of custody and settlement services

The Securities Services business of BNP Paribas has been selected by BPER Banca to provide a full range of custody and settlement services on the complete portfolio of BPER Banca’s Italian and foreign securities, representing a total of EUR 110 billion assets under custody.

The Securities Services business of BNP Paribas has been selected by BPER Banca to provide a full range of custody and settlement services on the complete portfolio of BPER Banca’s Italian and foreign securities, representing a total of EUR 110 billion assets under custody.

With the completion of the transfer of all assets to BNP Paribas, the mandate consolidates BPER Banca’s multi-year partnership with BNP Paribas, which already included settlement services on selected institutional clients’ portfolios.

Founded over 150 years ago, BPER Banca has today become the parent company of Italy’s third-largest listed banking group in total deposits and footprint, with over 1,600 branches, 20,000 employees and more than 5 million clients.

Elvio Sonnino, Chief Operating Officer, BPER Banca, commented: “Our close collaboration with BNP Paribas, initiated in 2019, is further consolidated by this new mandate, which allows us to increase our operational efficiency, creating value for both our clients and networks.”

Andrea Cattaneo, Head of Italy, Switzerland & Iberia for Securities Services at BNP Paribas, commented: “We are proud to have further strengthened our relationship with BPER Banca by becoming their only provider for settlement services on Italian and foreign securities.”

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Press Contact

Securities Services, BNP Paribas

Emma Salmon
emma.salmon@uk.bnpparibas.com
+44 (0)788 1249 711

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About Securities Services at BNP Paribas (securities.cib.bnpparibas)

BNP Paribas’ 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. As a pillar of BNP Paribas’ diversified banking model, Securities Services provides asset servicing solutions that are closely integrated with the first-class services of the Group’s other business lines, in particular those of Global Banking and Global Markets.

As of 31 December 2023, Securities Services had USD 13.7 trillion in assets under custody, USD 2.7 trillion in assets under administration and 9,208 funds administered.

About BPER Banca (istituzionale.bper.it)

BPER Banca is the parent company of the BPER Banca Group, which comprises three banks (BPER Banca, Banco di Sardegna and Banca Cesare Ponti), with about 1,650 branches operating in all Italian regions, over 20,000 employees and more than 5 million customers. As the third largest listed banking Group in Italy by total deposits and number of branches, BPER Banca additionally includes multiple product factories and ancillary services undertakings.

The Bank’s distribution structure across the country is organised into 10 Regional Departments.

Through investee companies and joint ventures, BPER operates in all key market segments (corporate & investment banking, private banking and wealth management, bancassurance, leasing, factoring and consumer finance) and is able to offer qualified assistance to its customers in all main international markets through an extensive network of shareholdings and partnerships.

At the side of people, businesses and communities, the Bank supports entrepreneurial projects and the growth of families and the local economy. BPER promotes innovative solutions integrated with ESG criteria to combine business growth and financial strength with social and environmental sustainability.

Disclaimer

The information contained within this document (‘information’) is believed to be reliable but BNP Paribas does not warrant its completeness or accuracy. Opinions and estimates contained herein constitute BNP Paribas’ judgment and are subject to change without notice. BNP Paribas 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 is a credit institution that is authorised to perform banking activities and investment services under the law applicable in France and is subject to prudential supervision on a consolidated basis by the European Central Bank (ECB), in cooperation with the Autorité de Contrôle Prudentiel et de Résolution (ACPR). As a public listed company and as an investment service provider, BNP Paribas is also in France under the supervision of the Autorité des Marchés Financiers (AMF). Its registered office address is 16 boulevard des Italiens, 75009 Paris, France, and its website is https://group.bnpparibas.

BNP Paribas is authorised and regulated by the European Central Bank (ECB) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR). BNP Paribas is authorised by the Prudential Regulation Authority (PRA) and is subject to regulation by the Financial Conduct Authority (FCA) and limited regulation by the Prudential Regulation Authority (PRA). Details about the extent of our regulation by the Prudential Regulation Authority (PRA) are available from us on request. BNP Paribas London Branch is registered in the UK under number FC13447. UK establishment number: BR000170. UK establishment office address: 10 Harewood Avenue, London NW1 6AA.

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).

In accordance with the General Data Protection Regulation (GDPR), European Regulation no. 2016-679, depending on the nature of the processing of the personal data concerned, you have a right of access, rectification and erasure of your personal data together with the right to restrict or object to the processing of such data. For more information on the General Data Protection Regulation (GDPR), details regarding processing purposes, and data retention principles, as well as your rights in relation to the processing of your personal data by BNP Paribas SA, in the context of Securities Services activities, please refer to our data protection notice: https://cib.bnpparibas/data-protection-notice/.