Sanford C Bernstein Ltd, the broker/dealer subsidiary of Alliance Bernstein, has appointed BNP Paribas Securities Services to provide settlement services in Austria, Germany, Italy, Turkey and Euroclear Bank. This appointment follows Sanford C Bernstein’s decision to consolidate its providers in Europe and strengthens its relationship with BNP Paribas Securities Services, which already provides the broker/dealer…
Category: BNPP
BP2S and Curv complete PoC for security token transfers
BNP Paribas Securities Services and Curv, a cloud-based digital asset security infrastructure for financial institutions, have completed a proof of concept to transfer security tokens securely between market participants. As part of this engagement, BNP Paribas Securities Services and Curv transferred a security token using Curv’s multi-party computation solution to ensure the security of the…
BNP Paribas and Allfunds complete agreement
A year after announcing the deal, BNP Paribas and Allfunds have finally completed their strategic agreement. As part of this partnership, BNP Paribas Securities Services will give its fund-buyer clients access to more than 2,000 fund houses and 100,000 funds and a range of fund analytics services from its new Fund@ccess platform, which is powered…
BP2S appoints Akshay Thakurdesai as head of India
BNP Paribas Securities Services has appointed Akshay Thakurdesai as head of India. BP2S in India offers asset servicing as well as third-party clearing and settlement services for local financial institutions. The bank also acts as a local custodian to foreign investors investing in the country. Thakurdesai, who joined the bank in 2006, was previously COO…
BP2S partners with Digital Asset in Asia Pacific
BNP Paribas Securities Services has established a partnership with Digital Asset to design a number of real-time trade and settlement apps using DAML smart contracts. The new apps will provide market participants in Asia Pacific with real-time access to the Australian Securities Exchange (ASX) and Hong Kong Exchange (HKEX)’s anticipated DLT-based trading and settlement platforms.…
TEB Securities Services appointed as account operator for Euroclear in Turkey
TEB Securities Services, part of the TEB-BNP Paribas partnership, has been appointed as account operator for Euroclear Bank’s new link to Turkey.
BNP Paribas planning to expand services in New Zealand via NZX
BNP Paribas Securities Services, which is the first and only global custodian to become a Depository Participant on the NZX clearing and settlement system in New Zealand, is planning to become a general clearing participant within the first half of 2021.
BP2S appoints Colm O’Brien as UK head of sales for AO, AM & AI
BNP Paribas Securities Services has appointed Colm O’Brien as UK head of sales – asset owners, asset managers and alternative investors. Based in London, he joined BNP Paribas in 2018 as a senior sales director.
AIA takes new predictive collateral coverage reporting solution from BP2S
BNP Paribas Securities Services has launched a service to help asset owners measure and monitor the counterparty and liquidity risk arising from their derivatives exposure and anticipate their long-term collateral requirements. The service is already in use by AIA Group, a longstanding risk and analytics client. In 2016 AIA appointed BNPP as its OTC derivatives…
BP2S’s Ffyn reports strong growth
BNP Paribas reports that Ffyn, the collaborative fund information platform supported and incubated by BNP Paribas Securities Services, now has 53 asset managers and investors on board, whilst collating information on more than 100,000 funds. Launched a year ago, Ffyn aims to become a single source of information for the mutual fund industry by bringing…