NEW YORK and MEXICO CITY, May 14, 2020 (GLOBE NEWSWIRE) -- BNP Paribas Securities Services, a leading global custodian with USD 11.8 trillion in assets under custody as of December 31, 2019, is pleased to announce that it has begun operations in Mexico.
Through an existing BNP Paribas subsidiary - BNP Paribas Asset Management México, S.A. de C.V. Sociedad Operadora de Fondos de Inversión - 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 past 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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[1] Source: BNP Paribas Securities Services website
About BNP Paribas Securities Services
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, it 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, the bank’s 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
The information contained within this document (‘information’) is believed to be reliable but BNP Paribas Securities Services does not warrant its completeness or accuracy. Opinions and estimates contained herein constitute BNP Paribas Securities Services’ judgment and are subject to change without notice. BNP Paribas Securities Services and its subsidiaries shall not be liable for any errors, omissions or opinions contained within this document. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. For the avoidance of doubt, any information contained within this document will not form an agreement between parties. Additional information is available on request.
BNP Paribas Securities Services is incorporated in France as a Partnership Limited by Shares and is authorised and supervised by the European Central Bank (ECB), the ACPR (Autorité de Contrôle Prudentiel et de Résolution ) and the AMF (Autorité des Marchés Financiers).
BNP Paribas Securities Services London Branch is lead supervised by the European Central Bank (ECB) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR). BNP Paribas Securities Services London Branch is authorised by the ECB, the ACPR and the Prudential Regulation Authority and subject to limited regulation by the Financial Conduct Authority and Prudential Regulation Authority. Details about the extent of our authorisation and regulation by the Prudential Regulation Authority, and regulation by the Financial Conduct Authority are available from us on request. BNP Paribas Securities Services London Branch is registered in England and Wales under number FC023666. Registered office in the UK: 10 Harewood Avenue, London NW1 6AA.
In the U.S., BNP Paribas Securities Services is a business line of BNP Paribas which is incorporated in France with limited liability. Services provided under this business line, including the services described in this document, if offered in the U.S., are offered through BNP Paribas, New York Branch (which is duly authorized and licensed by the State of New York Department of Financial Services); if a securities product, through BNP Paribas Securities Corp. which is a broker-dealer registered with the Securities and Exchange Commission and a member of SIPC and the Financial Industry Regulatory Authority; or if a futures product through BNP Paribas Securities Corp., a Futures Commission Merchant registered with the Commodities Futures Trading Commission and a member of the National Futures Association.
