Euronext has submitted a preliminary offer to buy Allfunds, the fund distribution platform, for EUR5.5bn (USD5.8bn). BNP Paribas, which struck a wide-ranging distribution deal with Allfunds in 2020, holds a significant stake in the business.
Category: BNPP
Zurich Bank expands with BNPP
Zurich Bank has appointed BNP Paribas for custody of Italian and foreign securities and for the settlement of fund units for total assets of c. EUR3bn (USD3.25bn), expanding a longstanding relationship.
BNP Paribas and SimCorp expand partnership
The securities services business of BNP Paribas has expanded its strategic partnership with SimCorp, a provider of SaaS investment management solutions, to offer insurance accounting and reporting solutions integrated with its custodian and banking services. This collaboration leverages SimCorp’s new SaaS solutions for investment operations and accounting services, and is built on the companies’ longstanding…
CACEIS/BNPP JV receives regulatory approvals
The draft agreement between BNP Paribas’s securities services business and CACEIS to combine their issuer services businesses, first announced in March 2022, has received approvals from the competition and regulatory authorities. The JV will be called Uptevia.
BNP Paribas invests in AccessFintech
BNP Paribas has invested in AccessFintech, a fintech focused on the capital markets’ operating model through data and workflow collaboration. The investment is being made by BNP Paribas’s securities services unit. Clients will be able to enhance operational efficiency through the deployment of AccessFintech’s Synergy data collaboration network. Synergy helps market participants reduce collateral needs…
BNP Paribas makes senior appointment for ANZ
BNP Paribas has appointed Philippe Kerdoncuff as head of the asset managers & asset owners client line for Australia & New Zealand. He was most recently head of China for the securities services business. This follows the recent appointment of Daniel Cheever as head of securities services for Australia & New Zealand.
Manaos gets new CEO
BNP Paribas has appointed Franck Delbes as CEO of Manaos, the investment services platform connecting institutional clients to ESG data and analytics providers. The platform helps investors collect fund inventories from their asset managers for full look-through analysis of their portfolios. It also provides clients with access to ESG data and analytics providers to help…
ABN AMRO Investment Solutions outsources to BNP Paribas
ABN AMRO Investment Solutions has appointed BNP Paribas’ securities services business to provide a range of dealing and middle office outsourcing services. These services will be connected with ABN AMRO Investment Solutions via BlackRock Aladdin, the platform selected by ABN AMRO Investment Solutions to unify its investment management processes. BNP Paribas has a long-standing relationship…
BNP Paribas promotes Christelle Ybanez
Christelle Ybanez has been appointed head of global relationship management for the securities services business of BNP Paribas. Based in Paris, she is responsible for the global relationship management team servicing its largest securities services’ clients headquartered in France. Ybanez was previously head of asset owners & managers strategy & planning. She has been with…
BNP Paribas to support Fineco’s ETF range
BNP Paribas has been selected by Fineco Asset Management (FAM) to provide a full range of banking services for its equities and fixed income ETFs listed on the Italian Stock Exchange. FAM, an Irish UCITS management company wholly owned by Italian bank FinecoBank S.p.A., has entered the ETF market with a range of Ireland-domiciled funds.…