Through an existing BNP Paribas subsidiary - BNP Paribas Asset Management México, S.A. de C.V. Sociedad Operadora de Fondos de Inversbn - BNP Paribas Securities Services began its Mexico operations in March of this year, providing daily accounting and valuation services as well as tax pricing and regulatory reporting.
Opening a new market in Mexico is a major milestone for BNP Paribas Securities Services in the Americas region. The Mexico office joins Brazil, Chile, Colombia, Peru and the US as the seventh country in the Americas where BNP Paribas Securities Services has a local expertise.
Francisco Hernandez, Country Head for Mexico, stated:
"We have been growing our presence in Mexico significantly over the part few years and are delighted to be able to offer local clients new products and solutions. With this new milestone, we are now able to offer our institutional clients a more complete pan-Americas fund services solution."
Claudia CaLderon, Head of Hispanic LatAm at BNP Paribas Securities Services, commented:
"This opening is one more step in expanding our LatAm presence, and highlights the strength of our offering in the region, as we continue to leverage our global and multi-local expertise around the world."
BNP Paribas has had a presence in Mexico for over 50 years and today employs over 700 employees in the country, providing through different local entities Banking, Advisory, Insurance, Asset Management and Personal Finance services to local and international clients. In December 2019, BNP Paribas obtained approval from the Mexican Banking and Securities Commission to incorporate as a local bank in Mexico, which will enable it to further expand its product offering to include Global Markets, an area where the bank is a leader. The strategy is part of a wider regional growth plan encompassing the Americas, where the bank employs close to 20,000 employees and has an expertise in eight countries - with banking licenses in six of them.
BNP Paribas also announced today the appointment of Florence Pourchet as Head of CIB Latin America.
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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.
About BNP Paribas
BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 71 countries, with approximately 199,000 employees, of which more than 151,000 are in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance.
In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the European leader in consumer lending.
BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. www.group.bnpparibas
BNP Paribas Asset Management México, S.A. de C.V. Sociedad Operadora de Fondos de Inversión:
Av. Paseo de las Palmas 405 Piso 6 | Torre Óptima
Col. Lomas de Chapultepec | CP 11000 | CDMX