BPM’s depositary bank provides custody, fund administration and depositary banking services to funds and institutional clients in Italy.
Commenting on the acquisition, Stefano Catanzaro, General Manager of BNP Paribas Securities Services Italy, said:
"We are delighted to announce the completion of this acquisition, which consolidates our position as a leading asset servicing provider in Italy and strengthens our offering in the country.”
The transaction was approved by the relevant regulatory authorities.
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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 local expertise in 36 countries and 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.