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…
Category: BNPP
BP2S automates key asset servicing documentation with NLU and IDP
BNP Paribas Securities Services has automated the processing of key asset servicing documentation, part of the group’s digital transformation programme. The initiative, which took 12 months to implement, aims to enhance back office operational efficiency, increase straight-through processing rates and reduce services turn-around times for clients. Using Natural Language Understanding (NLU) and machine learning, including…
BP2S appoints Denis Bon as head of the Americas
BNP Paribas Securities Services has appointed Dennis Bon as head of the Americas. He will be based in New York and will report to Alessandro Gioffreda, head of territory management. Bon was previously head of depositary and fiduciary services at BP2S, based in Paris. He joined the bank in 2018 from J.P. Morgan’s corporate and…
BP2S names Franck Dubois regional head of APAC
BNP Paribas Securities Services has appointed Franck Dubois, currently head of France and Belgium, as regional head of APAC. He replaces Mostapha Tahiri, who is leaving the bank. Pierre Jond replaces Dubois as head of France and Belgium. He is currently chief of staff for Patrick Colle, the global head of BP2S.
BP2S appointed by HK’s BEA Union Investment to service first retail OFC
BNP Paribas Securities Services has been selected to provide custody and fund services to BEA Union Investment, the first fund manager to use Hong Kong’s Open-ended Fund Company (OFC) regime for an actively managed retail fund. BP2S will provide BEA Union Investment with a range of services, including fiduciary duties, fund administration and transfer agency.
BNP Paribas wins EUR2.3bn sec lending mandate for Fondoposte in Italy
BNP Paribas Securities Services has been appointed to provide securities lending services to Fondoposte, the national supplementary pension fund for the employees of Poste Italiane S.p.A. BP2S will provide Fondoposte with securities lending services covering approximately EUR2.3bn of assets. BP2S has been providing depositary banking services to Fondoposte since 2016.
BP2S uses NLG to generate client reports
BNP Paribas Securities Services is using natural language generation (NLG) to help clients with monitoring and oversight of their operations. Along with traditional monthly statistics reports providing in-depth data on their operations, BP2S clients will receive analysis and commentaries on their assets under custody, settlement, corporate actions and income activities. This one-page executive summary, written…
BNP Paribas to act as depositary for new FII SGR PE fund in Italy
BNP Paribas Securities Services has been selected by Fondo Italiano d’Investimento SGR (FII SGR) to provide depositary banking services to its Fondo Italiano di Minoranze per la Crescita, a new private equity fund dedicated to minority investing. FII SGR was created in 2010 at the initiative of the Italian Ministry of Economy and Finance and…
BP2S begins securities operations in Mexico
BNP Paribas Securities Services has begun operations in Mexico. Through an existing BNP Paribas subsidiary – BNP Paribas Asset Management México, S.A. de C.V. Sociedad Operadora de Fondos de Inversión – BP2S began its Mexico operations in March, providing daily accounting and valuation services as well as tax pricing and regulatory reporting. The Mexico office…
BP2S promotes two managers for UK&ME O&T roles
Following the appointment of Simon Olenka as head of UK and the Middle East, BNP Paribas Securities Services has made two senior appointments. Mark Daisley is promoted to the role of head of client delivery for the UK, Middle East and ChanneI Islands. He joined BP2S in 2008. Alexandra Derrien is appointed head of IT…