Paris
03 May 2017
Reporter: Drew Nicol

BNP Paribas enjoys positive Q1


BNP Paribas chalked up a 10.1 percent increase in its assets under custody year over year for Q1.

Assets under custody now stand at €8.94 trillion, while its assets under administration also rose by 18.4 percent to €2.1 trillion.

As part of its Q1 report, BNP Paribas revealed that its securities services revenue was up 8.5 percent, to tip the scales at €478 million, compared to the same time last year. The bank attributed the growth to “good business development”.

The French custody bank secured new custody mandates in Q1, with Mapfre and Actiam adding €60 billion and €56 billion in assets, respectively.

BNP Paribas recently laid out its ambition to increase revenue from securities services to €2.2 billion by 2020.

The pledge was revealed as part of its recent investor day, with a list of expanded service offerings proposed.

BNP Paribas is aiming to offer joint global markets and securities services solutions for institutional clients in a bid to boost revenues, as well as offer multi-asset outsourcing to the sell and the buy sides, and leverage digital technology to increase client value.

More Industry 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
Firms remain open to exposures from manual processes
13 December 2017 | New York | Reporter: Becky Butcher
Only 2 percent of capital markets companies have a fully automated compliance support programme, leaving firms open to risk from manual processes, according to a survey by Aite Group and Cordium
Cyber attacks and Brexit among concerns for 2018, according to DTCC survey
12 December 2017 | New York | Reporter: Jenna Lomax
Cyber risk remains the number one threat to financial stability in 2018, according to a new survey published by the Depository Trust & Clearing Corporation
BACS has the need for speed, according to global custody audience
07 December 2017 | London | Reporter: Jenna Lomax
There needs to be more of a collaboration and a sense of partnership between global custodians, according to panellists at this year’s Global Custody Forum
GCF: Emerging markets continue to play important role globally
06 December 2017 | London | Reporter: Becky Butcher
Emerging markets are playing an increasingly important role in the global economic system, according to Global Custody Forum keynote speaker Rohinton Mewawala
SmartStream expands India operations
06 December 2017 | Jaipur | Reporter: Stephanie Palmer
SmartStream has opened a new office in Jaipur, India, initially to serve a particular tier-one investment bank
Canadian deals abound for Broadridge
05 December 2017 | Toronto | Reporter: Stephanie Palmer
Broadridge Financial Solutions has been selected to provide its suite of wealth and fund management technology solutions to Worldsource Financial Management, and partnered up with Wealthsimple on automated investment management
FRS expands to Asia
01 December 2017 | Hong Kong | Reporter: Stephanie Palmer
Financial Risk Solutions has opened its first two offices outside of Europe, in Hong Kong and Malaysia
More Industry news