BNP Paribas has signed an exclusive agreement with Banco Mediolanum to become the new depositary bank for Banco Mediolanum in Spain, representing a total value of >EUR4.7bn (USD5.5bn) of assets under depositary across 10 investment funds. This integration expands BNP Paribas’ existing relationship with Mediolanum Group in Europe, including services already provided in Ireland and Italy. The operational migration will be completed “in due course”.
