BNP Paribas Securities Services has won a collateral access mandate from Aletti Gestielle SGR (Aletti), an asset management firm based in Milan.
BNP Paribas, will provide collateral management, valuation and portfolio reconciliation services for over-the-counter derivatives for Aletti.
Francesco Betti, general manager of Aletti, commented: “Flexibility in designing a tailored operational model, local expertise and client service capabilities, together with a competitive fee structure and fast time to market, led us to choose BNP Paribas as our provider.”
Stefano Catanzaro, general manager of BNP Paribas securities services, Italy, added: “We are delighted to have won this mandate from Aletti Gestielle, one of the most important players in the Italian asset management space.”
“Gestielle will use our full collateral access offer—designed to meet new European Market Infrastructure Regulation requirements. We look forward to continuing to support them in their strategic business needs.”
