BNP Paribas Securities Services today announces that it has signed a strategic partnership with Van Lanschot Kempen (VLK), including two new mandates representing EUR 16 billion in assets.
VLK is a specialist independent wealth manager dedicated to preserving and creating wealth, in a sustainable manner, for its clients and society. It is one of the Netherlands’ oldest private financial institutions.
As part of this partnership, BNP Paribas Securities Services will provide Kempen Capital Management, the innovative asset manager of VLK, with global custody, depositary bank, fund accounting, regulatory reporting, collateral management and FX services. The mandate, which covers fund ranges in Luxembourg and the Netherlands, represents EUR 6 billion in assets.
BNP Paribas Securities Services’ specialist services dedicated to private capital investments was a key decisive factor in winning this mandate.
In addition, VLK consolidated a range of services with BNP Paribas Securities Services across its wealth management and brokerage activities. This includes global custody, local custody and clearing services for cash equities and exchange traded derivatives. The mandate represents EUR 10 billion in assets.
Ernst Jansen, Managing Director at Van Lanschot Kempen and COO Kempen Capital Management, said: “The partnership with BNP Paribas Securities Services enables us to build a scalable target operating model to support our current and future growth. BNP Paribas has a strong track record in Luxembourg and the Netherlands with a pan-European network for our wealth management and brokerage activities and specialist offering dedicated to private capital investments, a key growth area for Kempen Capital Management.“
Mark Schilstra, Head of the Netherlands and Nordics at BNP Paribas Securities Services, confirmed: “This partnership highlights our strong position in the Luxembourg and Dutch market and our ability to deliver operational innovation and cross asset-class services to the different business lines of the Van Lanschot Kempen group. We look forward to building on our long-term partnership with Van Lanschot Kempen.”
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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.
The information contained within this document (‘information’) is believed to be reliable but BNP Paribas Securities Services does not warrant its completeness or accuracy. Opinions and estimates contained herein constitute BNP Paribas Securities Services’ judgment and are subject to change without notice. BNP Paribas Securities Services 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 Securities Services is incorporated in France as a Partnership Limited by Shares and is authorised and supervised by the European Central Bank (ECB), the ACPR (Autorité de Contrôle Prudentiel et de Résolution) and the AMF (Autorité des Marchés Financiers).
In the UK, BNP Paribas Securities Services is authorised and regulated by the European Central Bank and the Autorité de Contrôle Prudentiel et de Résolution. Deemed authorised by the Prudential Regulation Authority and with deemed variation of permission. Subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority’s website. BNP Paribas Securities Services London Branch is registered in the UK under number FC023666. UK establishment number: BR006393. UK establishment office address: 10 Harewood Avenue, London NW1 6AA.
In the U.S., BNP Paribas Securities Services is a business line of BNP Paribas which is incorporated in France with limited liability. Services provided under this business line, including the 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 and a member of SIPC and the Financial Industry Regulatory Authority; or if a futures product through BNP Paribas Securities Corp., a Futures Commission Merchant registered with the Commodities Futures Trading Commission and a member of the National Futures Association.