AssetMetrix, the Germany-based specialist asset servicing provider in which BNP Paribas has a stake, has appointed Joerg von Taube as head of the newly created account management function within its business development team. He joined AssetMetrix in 2017.
Category: BNPP
BP2S to service Harvest’s new ESG ETF
BNP Paribas Securities Services has been appointed to provide fund services for Harvest Global Investments’ new CSI 300 ESG Leaders Index ETF. Services include global custody, fund administration, trustee, transfer agent and participating dealer. Harvest, which has a longstanding relationship with BP2S, is one of the largest Chinese institutional asset managers.
PayPal agrees to acquire Curv
PayPal has agreed to acquire Curv to accelerate and expand its initiatives to support cryptocurrencies and digital assets. Curv is a provider of cloud-based infrastructure for digital asset custody and security, with headquarters in New York and an R&D centre in Israel. In 2020 Curv collaborated with BNP Paribas Securities Services on a proof of…
ARAG chooses AssetMetrix for alts investment analytics
AssetMetrix, the German fintech in which BNP Paribas has a stake, has been appointed by ARAG, the German insurance group, for the expansion of digital back and middle office processes for its alternative investments portfolio. ARAG will use AssetMetrix’s portal-based platform to analyse its investment decisions based on tools for performance, risk management, benchmarking and…
BP2S teams up with Eastspring and STACS to improve ETD processing via DLT
Eastspring Investments, BNP Paribas Securities Services and Singapore-headquartered fintech firm Hashstacs Pte Ltd have implemented what they claim is a first-in-market blockchain-driven solution to enhance trade lifecycle management capabilities for exchange traded derivatives (ETDs). The trading fee calculation platform, Mercury, addresses current inefficiencies in the trade lifecycle management of ETDs. Mercury provides centralised and transparent…
Commerz Real appoints BNP Paribas as depositary for new LTIF
Commerz Real AG, a subsidiary of Commerzbank, has appointed BNP Paribas in Luxembourg as depositary bank for its European Long Term Investment Fund, KLIMAVEST. The fund’s policy is to invest in renewable energies, infrastructure, transport, mobility and forestry. The goal of this public fund, distributed in Germany, is to invest EUR25bn.
BNP Paribas expands IM services to APAC
BNP Paribas Securities Services is expanding its collateral management services in APAC to help firms in the region manage initial margin requirements arising from their non-cleared OTC derivatives positions.
HQLAx secures new funding for collateral platform
HQLAᵡ, the Luxembourg-based fintech provider, has secured EUR14.4m Series B funding from BNY Mellon, Goldman Sachs, BNP Paribas Securities Services, Citigroup and its existing shareholder, Deutsche Börse. The funding will be used to accelerate the core premise of the HQLAᵡ platform – helping the industry address European collateral fragmentation by extending its connectivity to leading…
Clearstream appoints BP2S as ANZ sub-custodian
Clearstream, Deutsche Börse’s post-trade services provider, has mandated BNP Paribas Securities Services to provide local sub-custody services in Australia and New Zealand. BP2S already provides local clearing and custody to Clearstream across the Euronext and Turkish markets.
BP2S adds CLSA to broker panel for China-Hong Kong Stock Connect
BNP Paribas Securities Services has confirmed CLSA, the Kong Kong-based subsidiary of CITIC Securities, as the latest partner broker for its multi approved partner broker (MAP) model for the China-Hong Kong Stock Connect scheme. The MAP model allows investors to choose from a variety of brokers whilst benefiting from guaranteed real DvP settlement through internalised…