BNP Paribas Securities Services wins US local custody mandate from Raiffeisen Bank International

LONDON, April 10, 2017 -- RBI, a leading corporate and investment bank and established custody provider serving Austria and 18 Central and Eastern European markets, appointed BNP Paribas Securities Services following a competitive tender.

“BNP Paribas Securities Services’ international presence and global operating model were key to our decision to appoint them as our local US custodian,” said Stefan Wallner, Head of Network Management at RBI. “We were also impressed with the quality of BNP Paribas’ corporate actions services and the expertise and commitment of the team.”

Bruno Campenon, Head of Custody and Clearing Services for BNP Paribas Securities Services in the Americas, said: “We are delighted to have won this mandate, which demonstrates our growing strengths and expertise in the US."

“RBI, a long-standing partner of BNP Paribas Securities Services, will benefit from our local expertise and client service as well as our presence in both the US and Europe, which will provide them with extended 16-hour service coverage throughout the day.”

BNP Paribas Securities Services, a leading global custodian with USD 9 trillion in assets under custody, launched its US custody offering in 2012 to provide post-trade services to international banks, brokers and institutional investors seeking access to the US market.

For the second year running, BNP Paribas Securities Services achieved the highest local market scores in the US in Global Custodian's Agent Banks in Major Markets survey.

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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 offices in 34 countries and a global reach covering 95 markets, our network is one of the most extensive in the industry, enabling clients to maximise their investment opportunities worldwide.

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 authorised by the ACPR, the AMF and the Prudential Regulation Authority and is 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 a member of the London Stock Exchange. BNP Paribas Trust Corporation UK Limited (a wholly owned subsidiary of BNP Paribas Securities Services), is incorporated in the UK.

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. or BNP Paribas Prime Brokerage, Inc., each of 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.