BNP Paribas saw an increase in securities services revenues in its Q2 results
BNP Paribas’ Q2 securities services revenues increased 12 percent to at €596 million compared to Q2 last year.
According to BNP Paribas, this was due to business growth and the positive impact of a specific transaction.
Assets under custody and administration were up by 11.7 percent compared to 30 June last year.
In particular, this was due to the successful migration of the $180 billion in assets of Janus Henderson at the end of March.
The number of transactions, however, were down 5.4 percent compared to the same quarter last year.
Assets under custody as of 30 June 2019 stood at €10.190 trillion, while assets under administration came in at €2.567 trillion.
The business continued its development with the launch this quarter of the marketing of FFYN, a new digital platform.
The platform provides asset managers and distributors with access to and exchange of information about mutual funds, co-designed with users.
