BNP Paribas Securities Services has won a clearing and collateral management mandate from Euromobiliare SGR.
BNP Paribas Securities Services will provide clearing, collateral management, valuation, and portfolio reconciliation services for Euromobiliare’s over-the-counter (OTC) derivatives transactions.
Fulvio Albarelli, CEO and general manager, of Euromobiliare Asset Management SGR, said: "Our goal of providing increasingly efficient and innovative solutions to savers will benefit from the collaboration with BNP Paribas Securities Services in the OTC derivatives business.”
“The union of the respective experiences and professionalism will allow us to continue to create value over time for our customers and our distribution networks.”
Stefano Catanzaro, general manager of BNP Paribas Securities Services, Italy, commented: "We are delighted to have won this mandate from Euromobiliare SGR, one of the most important asset management companies in Italy.”
“Euromobiliare SGR is the first Italian asset manager to utilise the full suite of services of BNP Paribas Securities Services along with our market leading OTC derivatives clearing service, helping them to efficiently manage their collateral and meet the European Market Infrastructure Regulation (EMIR) requirements.”
Gaspard Bonin, deputy global head of derivatives execution and clearing, BNP Paribas, added: “We are pleased that Euromobiliare SGR, a leading Italian asset manager, has appointed us as derivatives clearing broker.”
“Euromobiliare SGR will benefit from the fully integrated suite of investor services BNP Paribas is able to deliver. This mandate confirms BNP Paribas as leading European-based partner of choice for derivatives execution and clearing services across listed and OTC markets.”
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