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
RSA implements SimCorp Dimension
22 February 2018 | Alabama | Reporter: Becky Butcher
The Retirement Systems of Alabama has successfully completed the implementation of SimCorp Dimension
Confluence partners with ICE Data Services
22 February 2018 | Pittsburgh | Reporter: Becky Butcher
Confluence and ICE Data Services have teamed up to help asset managers meet compliance with SEC Modernization and other regulatory reporting requirements
Around half in the industry have seen no real effect of Brexit, according to Augentius’ annual global survey
Euroclear reports strong 2017 operating performance
19 February 2018 | Brussels | Reporter: Jenna Lomax
Euroclear’s fund assets under custody grew 13 percent as Euroclear continued to utilise its international exchange traded funds model
Minium, IBM and Promontory release joint white paper
19 February 2018 | London | Reporter: Jenna Lomax
The white paper says business should explore new geographies refocus on new businesses and invest in new technologies
ASX sees 5.1 percent profit in 2017
16 February 2018 | Sydney | Reporter: Jenna Lomax
The Australian Stock Exchange (ASX) saw its net profit after tax increase 5.1 percent to $230.5 million in its half-year results ending 31 December 2017
The annual survey, released on 15 February, found that looking back to 2017, the hedge fund industry grew by 6.4 percent and assets under management reached an all-time high
More Industry news