BNP Paribas selected to offer custody and settlement services
08 September 2025 Italy, Germany, and Luxembourg
Image: MarekStokowski/adobe.stock.com
BNB Paribas Securities Services business, has been chosen by UniCredit to deliver custody and settlement services to its organisations in Italy, Germany, and Luxembourg.
UniCredit introduced an internalisation programme for its back office activities for securities services in January 2025, as part of its group-wide optimisation.
BNP Paribas will assist in standardising and optimising UniCredit’s operations in select countries.
Through this mandate, BNP Paribas Securities Services will provide niche services personalised to UniCredit S.p.A, UniCredit GmbH, and UniCredit International Bank S.A, for their settlement, custody and clearing requirements.
Organisations that will receive these services will be in countries such as Italy, Germany, France and local custody in Spain and Poland.
Patrick Colle, head of Securities Services and chairman of Financial Institutions Coverage, BNP Paribas, commented: “This mandate also showcases our multi-local expertise, leveraging our integrated banking model, longstanding proprietary network and culture of excellence.
“Together with our proven track record in large migration projects and multi-source technology integrations, we are uniquely qualified to help UniCredit consolidate, strengthen and harmonise its operational setup. We look forward to a long-term, trusted partnership, where we support UniCredit in achieving its future ambitions through our custody services and beyond.”
UniCredit introduced an internalisation programme for its back office activities for securities services in January 2025, as part of its group-wide optimisation.
BNP Paribas will assist in standardising and optimising UniCredit’s operations in select countries.
Through this mandate, BNP Paribas Securities Services will provide niche services personalised to UniCredit S.p.A, UniCredit GmbH, and UniCredit International Bank S.A, for their settlement, custody and clearing requirements.
Organisations that will receive these services will be in countries such as Italy, Germany, France and local custody in Spain and Poland.
Patrick Colle, head of Securities Services and chairman of Financial Institutions Coverage, BNP Paribas, commented: “This mandate also showcases our multi-local expertise, leveraging our integrated banking model, longstanding proprietary network and culture of excellence.
“Together with our proven track record in large migration projects and multi-source technology integrations, we are uniquely qualified to help UniCredit consolidate, strengthen and harmonise its operational setup. We look forward to a long-term, trusted partnership, where we support UniCredit in achieving its future ambitions through our custody services and beyond.”
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