BNP Paribas Securities Services is targeting sophisticated institutional investors and financial intermediaries with a range of new market and financing services.
The French custodian bank is now providing principal and agency lending, foreign exchange and collateral management alongside its custody, clearing and fund administration offerings. It will also aim to provide a variety of financing solutions to asset owners, asset managers, including alternatives, and broker-dealers.
Claiming to be the first to market with the introduction of a fully outsourced dealing service for buy-side firms, BNP Paribas said it was now able to give the buy-side “round-the-clock access to all asset classes”.
“In the current environment, reducing risk and increasing profitability are challenges that have shot to the top of the agenda for investors that manage large asset pools,” said Florence Bonnevay, head of market and financing services, BNP Paribas Securities Services. “We have positioned ourselves as a fully integrated banking service provider to the buy-side, managing their dealing, collateral and liquidity requirements enabling them to concentrate on their core business.”
“We took the strategic decision to expand our market and financing services following what we saw as tremendous growth potential,” said Patrick Colle, chief executive of BNP Paribas Securities Services. “New regulation – particularly around risk management – does present challenges, but there are also opportunities for clients and service providers.”