BNP Paribas Securities Services, a leading global custodian with USD 11.3 trillion in assets under custody, today announced that it has been mandated by Sanford C Bernstein Ltd to provide settlement services in Austria, Germany, Italy, Turkey and Euroclear Bank.
This appointment follows Sanford C Bernstein’s decision to consolidate its providers in Europe and strengthens its relationship with BNP Paribas Securities Services which already provides the broker dealer with settlement services across seven European markets.
Sanford C Bernstein selected BNP Paribas Securities Services for is international reach, and global and multi-local expertise across asset classes.
Following a successful implementation, Lawrence Patrizio, global head of broker dealer operations at Alliance Bernstein, said:
“We have built a strong and longstanding relationship with the team at BNP Paribas Securities Services and I am pleased to be able to extend this even further. As part of our decision to consolidate service providers, BNP Paribas Securities Services stood out for the level of connectivity they provide across multiple markets.”
Bruno Campenon, global head of financial intermediaries client line at BNP Paribas Securities Services, said:
“We are delighted to expand our partnership with Sanford C Bernstein. Their consolidation with us in Europe highlights our connectivity and expertise in the region and their ongoing satisfaction with our services.”
Sanford C Bernstein Ltd is a pan-European broker dealer that offers institutional brokerage and research. It is part of the Alliance Bernstein Group.
Caroline Lumley email@example.com +44 (0)20 7410 4650
BNP Paribas Securities Services on Twitter – @BNPP2S
About BNP Paribas Securities Services (securities.cib.bnpparibas)
BNP Paribas Securities Services, a wholly owned subsidiary of the BNP Paribas Group, is a leading global custodian and securities services provider. Backed by the strength of the BNP Paribas Group, we provide multi-asset post-trade and asset servicing solutions for buy and sell-side market participants, corporates and issuers. With a global reach covering 90+ markets, our network is one of the most extensive in the industry, enabling clients to maximise their investment opportunities worldwide.