BNP Paribas Securities Services has been chosen to provide back-office and settlement services for corporate finance, market making and stock broking service provider Shore Capital Markets.
Based in London, Shore Capital Markets is a securities house specialising in equity capital markets.
CEO of Shore Capital Markets Simon Fine said: "We were very impressed with BNP Paribas's credentials as a major service provider to the UK market. They have an outstanding record for client satisfaction as well as the scale and expertise worldwide to provide the high quality back office services that we need."
Julien Kasparian, UK head of sales and relationship management at BNP Paribas Securities Services, said: "This mandate confirms our position as the provider of choice for the broker-dealer community, which increasingly looks to delegate their back office services, clearing and settlement services to third party providers.”
BNP Paribas now provides custody, settlement and back- and middle-office services to 25 major broker-dealers in the UK, as well as offering direct local custody in 26 markets around the world.
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