BNP Paribas Securities Services is in the process of preparing an intragroup merger with its parent company BNP Paribas SA. The merger is currently due to take place on 1 October 2022.*
The Securities Services business is currently provided via a distinct legal entity within the BNP Paribas group, BNP Paribas Securities Services SCA, which is fully owned by BNP Paribas SA. The merger will see this distinct legal entity cease to exist and the Securities Services business will be provided via BNP Paribas SA.
This merger further reinforces the strategic nature of Securities Services for BNP Paribas as a key part of its integrated banking model. With the aim of enhancing customer experience, BNP Paribas will provide clients with more flexible end-to-end offerings through simpler documentation and a broader and complementary range of products.
Should you need more information, do not hesitate to reach your regular contact.
* subject to ongoing consultation with local work councils in some countries