As part of this new five-year mandate, BNP Paribas Securities Services will continue to provide AXA Group with global custody, depositary bank, order reception and transmission, transfer agency and international distribution services across its insurance, real estate and asset management activities.
The mandate covers seven European markets comprising France, Germany, Ireland, Italy, Luxembourg, Spain and Switzerland.
“We are delighted to renew our partnership with BNP Paribas Securities Services,”
said Gautier Ripert, Global Head of Operations for AXA Investment Managers.
“Working with their teams of experts allows us to develop new services for our clients, and progress major innovation agenda items such as blockchain.”
Franck Dubois, Head of France and Belgium at BNP Paribas Securities Services, commented:
“We have established a relationship of trust with AXA, underpinned by common ambition and joint innovative projects. Our multi-local, diversified and long-term approach also fits in well with AXA’s international strategy.”
BNP Paribas Securities Services is the world’s fifth largest global custodian with EUR 10.54 trillion in assets under custody*. The bank offers comprehensive, multi-asset solutions, spanning middle and back office services, and now serves 10 of Europe’s largest insurance groups.
* Figure as of 30 September 2019. Source: site Internet de BNP Paribas
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About BNP Paribas Securities Services (www.securities.bnpparibas.com)
BNP Paribas Securities Services, a wholly owned subsidiary of the BNP Paribas Group, is a leading global custodian and securities services provider. Backed by the strength of the BNP Paribas Group, we provide multi-asset post-trade and asset servicing solutions for buy and sell-side market participants, corporates and issuers. With a global reach covering 90+ markets, our network is one of the most extensive in the industry, enabling clients to maximise their investment opportunities worldwide.