BNP Paribas Wins Major Allianz Mandate, Bolstering Global Custody Ambitions
BNP Paribas Securities Services has secured a significant mandate from Allianz. The deal sees BNP Paribas acting as the sole custodian for all Allianz investment accounts in the UK. This appointment aligns with BNP Paribas' ambition to be a leading 'European global custodian of choice'.
The mandate is comprehensive, encompassing global entry, agency securities lending, auto foreign exchange, continuous linked settlement, and cash services. Additionally, customised reporting via BNP Paribas' NeoLink client platform is included. This appointment follows BNP Paribas' consolidation of its global client development and territory divisions under the leadership of Alessandro Gioffreda, who brings over 20 years of experience at BNP Paribas.
Earlier this month, BNP Paribas also signed a deal with Proxymity to implement its proxy voting service in the UK, Australia, and New Zealand. This further bolsters BNP Paribas' global reach and commitment to enhancing client experience and service delivery worldwide, as emphasised by Gioffreda.
The mandate from Allianz underscores BNP Paribas Securities Services' position as a trusted provider of asset servicing. With a broad range of services and a commitment to customised reporting, BNP Paribas continues to strengthen its global entry capabilities, furthering its ambition to be the 'European global custodian of choice'.
