Netherlands-based Coöperatie Univé U.A. (Univé) has selected BNP Paribas to provide its global custody services.
Univé is a cooperative insurance company offering car, home and health insurance.
In addition to providing custody services, BNP Paribas will supply Univé with regulatory reporting services as well as investment and financial administration.
Univé will also gain the local expertise of BNP Paribas’ operational and relationship management teams located in Amsterdam.
Arjen Schouten, chief financial and risk officer at Univé, comments: “Univé is a cooperative that puts their members at the forefront of their strategy. From our providers, we expect that same client-focused approach.
“We are confident that in BNP Paribas’s Securities Services’ business we found a committed and experienced provider that meets this expectation. We look forward to an extended, successful and trustworthy relationship.”
Mark Schilstra, head of the Netherlands and Nordics for Securities Services at BNP Paribas, says: “We are delighted that Univé have chosen us as their new asset services provider in the Dutch market. This mandate win highlights our strong position in the Netherlands and ability to offer front-to-back solutions tailored towards our insurance clients’ needs.”
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