BNP Paribas Securities Services have been appointed by OFI Asset Management (OFI AM) to provide custody, depositary, fund administration and clearing services for listed derivatives linked to its asset management activities.
OFI AM mainly manages the assets of large French Mutual Insurance companies and institutional clients.
This mandate represents EUR 8 billion of assets among which are 18 mutual funds and 50 mandates. It reinforces BNP Paribas Securities Services’ leading position with institutional investors, as Gérard Bourret, OFI AM’s general manager, confirms: “We chose BNP Paribas Securities Services because they are responsive, professional and committed to the long term”.
About BNP Paribas Securities Services
BNP Paribas Securities Services is a wholly-owned subsidiary of the BNP Paribas Group, delivering independent flexibility and commitment, backed by the strength of a leading universal bank.
Operating across the investment cycle, we provide post-trade administration solutions to buy-side and sell-side financial institutions and issuers. The Bank has a local presence across 25 countries and global coverage of over 100 markets, offering a one-stop shop for all asset classes, both onshore and offshore, across the globe.
With EUR 3.34 trillion (USD 4.65 trillion) assets under custody, EUR 565 billion (USD 786 billion) assets under administration and close to 6,000 funds administered*, BNP Paribas Securities Services is the Eurozone’s leading securities services provider.
About BNP Paribas
BNP Paribas (www.bnpparibas.com) is a European leader in global banking and financial services and is one of the 6 strongest banks in the world according to Standard & Poor’s. The group is present in 85 countries, with more than 171,000 employees, including 131.000 in Europe. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business lines, the bank’s two domestic markets in retail banking are France and Italy. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.