BNP Paribas’ securities services business has been selected by BPER Banca to provide a full range of custody and settlement services.
BNP Paribas will service BPER Banca’s portfolio of Italian and foreign securities.
The mandate consolidates BPER Banca’s multi-year partnership with BNP Paribas which already includes settlement services on a select number of institutional clients’ portfolios.
Elvio Sonnino, chief operating officer at BPER Banca, says: “Our close collaboration with BNP Paribas allows us to increase our operational efficiency, creating value for both our clients and networks.”
Andrea Cattaneo, head of Italy, Switzerland and Iberia at BNP Paribas’ Securities Services, adds: “We have further strengthened our relationship with BPER Banca by becoming their only provider for settlement services on Italian and foreign securities.”
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