BNP Paribas affirms global expansion plans
Patrick Colle, chief executive of BNP Paribas' securities services division, plans to hold more than $10 trillion of assets under custody around the world by 2016
In the first four months of 2014, BNP Paribas Securities Services picked up mandates in Europe and Asia and separately announced the extension of an existing partnership to include settlement agency services in Latin America through its membership to the National Securities Clearing Corporation regional clearing platform.
In France, JP Morgan Asset Management chose BNP Paribas as depository bank and fund administrator for its first France-domiciled fund based on a model implementing the passport
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