BNP Paribas‘ Securities Services business, a leading global custodian with EUR 13.7 trillion in assets under custody[1], has been mandated by ProCapital, an investment services provider and subsidiary of Crédit Mutuel Arkéa. The mandate covers European markets and includes local and global custody, clearing, securities lending, AutoForex, execution and clearing of listed derivatives.
With this mandate, ProCapital benefits from BNP Paribas’ Execution-to-Custody solution, ensuring the integration of cash equities trade execution in Germany, Switzerland and Austria with their local and global custody. The Execution-to-Custody solution, combining the execution capabilities of the Global Markets business line with the custody and settlement offer of the Securities Services business, allows ProCapital to streamline and automate transactions flows, from execution to settlement, for the benefit of its clients.
ProCapital also leverages the centralised booking model offered by Securities Services, which provides direct access to multiple European markets through a unique infrastructure for clearing, settlement and local custody.
This new mandate extends ProCapital‘s relationship with BNP Paribas, whose Securities Services business has been providing them with local and global custody services in the United States since 2021.
Alexandre Grimault, Chairman of the Management Board and Chief Executive Officer, ProCapital, commented: “Following our first successful collaboration in North American markets, we are delighted to expand our partnership with BNP Paribas to new markets. BNP Paribas’ teams and ProCapital share the same commitment to delivering ever greater service quality and agility to our clients.”
Pauline Bernard, Regional Head of France and Belgium, Securities Services, BNP Paribas, stated: “With this new mandate, we are pleased to strengthen our trusted relationship with ProCapital, with whom we share common values of professionalism, rigour and client satisfaction. We are committed to harness the strengths of our integrated banking model and the multi-local expertise of our teams to support ProCapital’s growth strategy.”
[1] As at 31 December 2024. Source: BNP Paribas’ Securities Services website
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Press Contacts
Securities Services at BNP Paribas
Vivian Lai, Global Media Relations and External Communications Manager
vivian.lai@uk.bnpparibas.com
+44 (0) 7350 433 306
ProCapital
Morgane Ciboulet, Communication Officer
morgane.ciboulet@procapital.fr
Securities Services at BNP Paribas on LinkedIn
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 2024, Securities Services had USD 13.7 trillion in assets under custody, USD 2.9 trillion in assets under administration and 9,340 funds administered.
About ProCapital (www.procapital.fr)
As a subsidiary of the Crédit Mutuel Arkéa group, ProCapital is a financial intermediary specialised in Business Process Outsourcing (BPO) for financial institutions and insurance companies. For more than 20 years, and thanks to its expertise of all the Securities and Life Insurance businesses, ProCapital has been designing comprehensive and modular white label solutions, including: transactional and consulting tools, brokerage services, bookkeeping and custody services, as well as asset/liability management of life insurance contracts. ProCapital is located in France and Belgium and has nearly 200 employees.
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Services described in this document, if offered in Australia, are offered through BNP Paribas acting through its Australia Branch ABN 23 000 000 117 (“BNP Paribas”) and/or BNP Paribas Fund Services Australasia Pty Ltd ABN 71 002 655 674 (“BPFSA”). BNP Paribas is licensed in Australia as a foreign authorised deposit-taking institution by the Australian Prudential Regulation Authority and delivers financial services to clients under its Australian Securities & Investments Commission Australian Financial Services License (AFSL), No. 238043. BPFSA is an Australian-incorporated company which is a wholly owned subsidiary of BNP Paribas and delivers financial services to clients under its AFSL No. 241080. The Information is directed at wholesale clients only and is not intended for retail clients (as both terms are defined by the Corporations Act 2001, sections 761G and 761GA).
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Services described in this document, if offered in Singapore, are offered through BNP Paribas acting through its Singapore Branch, which is licensed by the Monetary Authority of Singapore under the Banking Act 1970 as a qualifying full bank. It is also a clearing member and depository agent of The Central Depository (Pte) Limited (CDP), a trading member of Singapore Exchange Derivatives Trading Limited (SGX-DT), and a clearing member of Singapore Exchange Derivatives Clearing Limited (SGX-DC). Singapore dollar deposits of non-bank depositors placed with the Singapore branch are insured up to $75k by the Singapore Deposit Insurance Corporation. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
Services described in this document, if offered in New Zealand, are offered through BNP Paribas Fund Services Australasia Pty Ltd (“BPFSA”) acting through its New Zealand Branch, NZCO registration number 1010736. BPFSA is an Australian-incorporated company which is a wholly owned subsidiary of BNPP. BPFSA is registered under the Financial Service Providers (Registration and Dispute Resolution) Act 2008. BPFSA is not licensed by a New Zealand regulator to provide financial services and BPFSA’s registration on the New Zealand register of financial service providers does not mean that BPFSA is subject to active regulation or oversight by a New Zealand regulator. NO BNP PARIBAS ENTITY IS A REGISTERED BANK IN NEW ZEALAND. The Information is intended for wholesale clients only, as such term is defined in the Financial Markets Conduct Act 2013.
Services described in this document, if offered in the People’s Republic of China (“PRC”, which for these purposes excludes the Hong Kong or Macau Special Administrative Regions or Taiwan), are offered through BNP Paribas China Limited (“BNPP China”), a subsidiary of BNP Paribas. BNPP China is a commercial bank regulated by the China Banking and Insurance Regulatory Commission. This document does not constitute an offer to sell or the solicitation of an offer to buy any financial products in the PRC to any person to whom it is unlawful to make the offer or solicitation in the PRC.BNPP China does not represent that this document may be lawfully distributed, or that any financial products mentioned herein may be lawfully offered, in compliance with any applicable registration or other requirements in the PRC, or pursuant to an exemption available thereunder, or assume any responsibility for facilitating any such distribution or offering. In particular, no action has been taken by BNPP China which would permit a public offering of any financial product or distribution of this document in the PRC. Accordingly, no financial product mentioned herein may be offered or sold, directly or indirectly, and neither this document nor any advertisement or other offering material may be distributed or published in the PRC, except under circumstances that will result in compliance with any applicable laws and regulations. Services described in this document, if offered in India, are offered through BNP Paribas acting through its branches in India, which is registered as a Scheduled Commercial Bank and is regulated by Reserve Bank of India. It is also a registered custodian under the SEBI (Custodian of Securities) Regulations, 1996 and is regulated by the Securities and Exchange Board of India.