Riyad Capital, the investment banking arm of Saudi Arabia’s Riyad Bank, has signed an agreement with BNP Paribas Securities Services to provide global custody, fund services and consolidated data management services in Saudi Arabia under a joint servicing model, thought to be the first of its kind in the Kingdom and the region. Developed over…
Category: BNPP
Provinzial mandates BNP Paribas and Helaba Invest
Provinzial Asset Management, the Germany-headquartered asset manager with AuM EUR50bn, has mandated BNP Paribas Securities Services and Helaba Invest as asset servicing providers. Following the recent merger between Provinzial Asset Management and the Provinzial Rhineland, Provinzial Asset Management now manages all the assets of the newly formed Provinzial Group. Provinzial Asset Management selected two long-standing…
BNP Paribas strikes deal with Clarity AI
BNP Paribas Securities Services has formed a partnership with Clarity AI, a sustainability data science and technology company. Through its Manaos platform, BNP Paribas clients can access Clarity AI’s universe of sustainability data and insights. Manaos enables institutional investors to store their fund data on a single platform to obtain a comprehensive and transparent view…
Reichmuth appoints AssetMetrix for digital reporting
Reichmuth & Co Investment Management AG, a subsidiary of the Swiss owner-managed private banking group Reichmuth & Co, has appointed AssetMetrix, the Germany-based specialist asset servicer, as a partner for the digitalisation of its infrastructure activities. Services include tools for performance, risk management, benchmarking as well as cash flow and performance forecasts. In addition, clients…
AssetMetrix establishes account management function
AssetMetrix, the Germany-based specialist asset servicing provider in which BNP Paribas has a stake, has appointed Joerg von Taube as head of the newly created account management function within its business development team. He joined AssetMetrix in 2017.
BP2S to service Harvest’s new ESG ETF
BNP Paribas Securities Services has been appointed to provide fund services for Harvest Global Investments’ new CSI 300 ESG Leaders Index ETF. Services include global custody, fund administration, trustee, transfer agent and participating dealer. Harvest, which has a longstanding relationship with BP2S, is one of the largest Chinese institutional asset managers.
PayPal agrees to acquire Curv
PayPal has agreed to acquire Curv to accelerate and expand its initiatives to support cryptocurrencies and digital assets. Curv is a provider of cloud-based infrastructure for digital asset custody and security, with headquarters in New York and an R&D centre in Israel. In 2020 Curv collaborated with BNP Paribas Securities Services on a proof of…
ARAG chooses AssetMetrix for alts investment analytics
AssetMetrix, the German fintech in which BNP Paribas has a stake, has been appointed by ARAG, the German insurance group, for the expansion of digital back and middle office processes for its alternative investments portfolio. ARAG will use AssetMetrix’s portal-based platform to analyse its investment decisions based on tools for performance, risk management, benchmarking and…
BP2S teams up with Eastspring and STACS to improve ETD processing via DLT
Eastspring Investments, BNP Paribas Securities Services and Singapore-headquartered fintech firm Hashstacs Pte Ltd have implemented what they claim is a first-in-market blockchain-driven solution to enhance trade lifecycle management capabilities for exchange traded derivatives (ETDs). The trading fee calculation platform, Mercury, addresses current inefficiencies in the trade lifecycle management of ETDs. Mercury provides centralised and transparent…
Commerz Real appoints BNP Paribas as depositary for new LTIF
Commerz Real AG, a subsidiary of Commerzbank, has appointed BNP Paribas in Luxembourg as depositary bank for its European Long Term Investment Fund, KLIMAVEST. The fund’s policy is to invest in renewable energies, infrastructure, transport, mobility and forestry. The goal of this public fund, distributed in Germany, is to invest EUR25bn.