BNP Paribas Securities Services has had its mandate to provide Convergex with custody and settlement services extended from four to 26 countries.
The bank has previously serviced Convergex in Greece, Poland, Turkey and the UK since 2010.
BNP Paribas will now provide direct local custody in 26 markets worldwide, with dedicated expertise allowing the bank to support clients investing in a range of asset classes and investment strategies.
Julien Kasparian, UK head of sales and relationship management for banks and brokers at BNP Paribas Securities Services, said: “We are delighted to be broadening the relationship we have with Convergex.”
“This deal demonstrates the trust our existing clients have in our capabilities, the strength of our value proposition for custody and settlement and the depth of the products we offer our bank and broker partners.”
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