Neuflize OBC, a subsidiary of ABN AMRO Group, has selected BNP Paribas Securities Services to support the firms dealing activities.
The outsourcing agreement extends to equities, ETFs, derivatives and bonds for institutional and private clients.
Carl James, managing director of BNP Paribas Dealing Services UK, said: “This new partnership with Neuflize OBC will enable different management entities to benefit from the value-add we can bring to managing private and institutional orders.”
Yann Charraire, member of the executive committee at Neuflize OBC, added: “We chose to work with BNP Paribas Securities Services to enable us to focus exclusively on manging our core business activities, whilst benefiting from a better access to liquidity and solidity offered by a major group.”
