Mizuho Trust & Banking has selected BNP Paribas Securities Services as its sub-custodian and settlement agent in Brazil.
The Luxembourg subsidiary of Tokyo-based Mizuho Financial Group, Mizuho Trust & Banking provides asset servicing, custody, payments and treasury services to institutional investors into global markets.
Andrea Cattaneo, head of Brazil for BNP Paribas Securities Services, said: “This is a significant mandate win, which demonstrates our strengths in Brazil.
He added: “Mizuho was looking for a local sub-custodian to support their clients investing in the country and selected us for our extensive local expertise and tailored custody and foreign exchange solutions.”
BNP Paribas Security Services is expanding its Latin America servicing, and now also offers local custody and clearing services in Colombia and Peru.
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