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BNP Paribas Securities Services Aligns with S.D. Indeval on Global Custody Services

Traders Magazine Online News, January 4, 2019

John D'Antona Jr.

BNP Paribas Securities Services, a leading global custodian with USD 11 trillion in assets under custody, announced that its New York branch has been selected by S.D. Indeval to serve as global custodian for a portion of their assets on European and global markets and as secondary provider on the US and Canadian markets.

This is a strategic mandate for BNP Paribas Securities Services in the Americas. S.D. Indeval is the Central Securities Depository for the Mexican market and the institution managing the International Quotation System (SIC).

Claudia Calderon, Head of Hispanic Latam for BNP Paribas Securities Services, commented: "We are delighted to have been selected by S.D. Indeval who will benefit from our wide network around the world, our global and multi-local expertise, and our commitment to client service."

Roberto Gonzalez Barrera, CEO of S.D. Indeval, commented: "We are very pleased to have selected BNP Paribas as our custody provider for European and global markets. We count on their expertise to further develop our capabilities to access foreign markets. BNP Paribas will also act as secondary provider for the US and Canadian markets, a critical element on our risk management strategy.”

Since 2010, BNP Paribas Securities Services has rapidly expanded in the Americas, launching local custody and clearing in the United States, Brazil, Colombia and, most recently, Peru.

 

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