Paris
31 July 2017
Reporter: Jenna Lomax

BNP Paribas sees Q2 success


BNP Paribas has seen a 10.7 percent increase in assets under custody, reporting a total of €9 trillion at the end of Q2 2017, compared to €8.1 trillion in Q2 2016.

This can partially be attributed to a new custody mandate from the Asian Infrastructure Investment Bank, totalling €18 billion.

Assets under administration saw a 17.9 percent increase compared to Q2 last year, from €1.86 trillion to €2.19 trillion by Q2 2017.

The number of securities services transactions were up 6.5 percent from €21.5 million at Q2 2016 to €22.9 million in Q2 2017.

The report also revealed that for the first half of 2017 security service revenues were up by 8.2 percent versus the same period last year.

Securities services revenues totalled €975 million at the end of June 2017, a rise of 8.2 percent year-on-year.

The report suggested that the positive securities services results was an “effect of the rise in volumes and of the new mandates”.

In July, BNP Paribas was also chosen by Mirae Asset Securities for global custody services in the Americas, Europe and Asia.

Florent Thiry, head of the financial intermediaries and corporates client line in the Americas at BNP Paribas, said: “[The choice] demonstrates the strength of our offering in the US, where we have been expanding our presence, and our commitment to this market.”

More news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
BNY Mellon sees asset servicing fees growth
18 January 2018 | New York | Reporter: Zsuzsa Szabo
BNY Mellon’s asset servicing fees increased 6 percent year-over-year
AxiomSL hires new EMEA head
18 January 2018 | London | Reporter: Jenna Lomax
Ward will be responsible for developing strategic global relationships
MetLife selects HSBC for custody services
18 January 2018 | Hong Kong | Reporter: Becky Butcher
HSBC Securities Services has been selected as custodian for MetLife across three key markets in Asia
Societe Generale Securities Services and OFI Asset Management have executed the first transactions via the IZNES platform on the Paris market
BBH to provide fund services for DSBI
17 January 2018 | Hong Kong | Reporter: Jenna Lomax
Brown Brothers Harriman & Co will provide custody and fund administration services to Daiwa SB Investments’ (DSBI) first Hong-Kong domiciled fund, the Japan high dividend stocks fund
Standard Chartered hires Lisa Robins
17 January 2018 | Singapore | Reporter: Becky Butcher
Standard Chartered Bank has named Lisa Robins as the new global head of transaction banking, effective 19 February
Murex’s MX.3 goes live at Nationwide
17 January 2018 | London | Reporter: Jenna Lomax
Murex's MX.3 front-to-back risk platform has gone live for Nationwide Building Society's treasury business
More news