Goldman Sachs has chosen BNP Paribas to provide custody and settlement services to its assets in Austria.
The new mandate strengthens the existing connections between the two companies. BNP Paribas already provides Goldman Sachs with custody, cash and securities settlement services in multiple markets.
Goldman Sachs is the largest trading member on the Vienna stock exchange by market share. BNP Paribas now will offer their services and tailored solutions for Goldman Sachs in Austria.
On the mandate, Bruno Campenon, global head of banks, brokers and corporates, securities services at BNP Paribas, says: “We are delighted to receive this mandate, which confirms our commitment to the Austrian market and the depth of our local expertise. We are also very pleased to strengthen our partnership with Goldman Sachs, who has been a historical client of BNP Paribas’ Securities Services business for many years.”
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