Berenberg, one of Europe’s oldest privately owned banks, has appointed BNP Paribas to provide depositary bank, transfer agency, listed derivatives clearing, and OTC derivatives services in Germany and Luxembourg.
This new mandate expands Berenberg’s long-term partnership with BNP Paribas, which already includes local clearing, settlement, and custody services across multiple markets. The mandate covers Berenberg’s full fund range, with currently 18 UCITS in Luxembourg and 12 UCITS in Germany, representing a total of EUR5bn (USD5.4bn) AuM. Founded in 1590, Berenberg is headquartered in Hamburg.