BNP Paribas Securities Services
The closer, the better
BNP Paribas Securities Services Luxembourg brings to its clients both local and international expertise across a range of banking and associated services. Their clients benefit from the know-how and strength of the one of the largest financial institutions in the Grand Duchy.
The origins of the BNP Paribas Group date back to 1872, with the establishment of “Banque de Paris et des Pays-Bas”. In 2000 this heritage continued to emerge with the keystone merger of Paribas and BNP. BNP Paribas Securities Services was established in 2001 and its Luxembourg subsidiary opened soon after in 2002. As a result of acquisitions by the BNP Paribas Group (including Cogent in 2003, and Fortis Banque/BGL in 2009), BNP Paribas Securities Services has grown to an organisation that now covers more than 100 markets with a local presence in 32 countries and serves a wide variety of international institutional clients.
Securities Services’ activities cover the entire investment cycle and is arranged into four business lines: Banking Services, Treasury and Liquidity Management, Issuer Services and Fund Services. Its organisation is structured by business and regions, allowing BNP Paribas Securities Services to provide a localised service depending on a clients location and business mix while covering diverse demands and various business sectors: banking, brokerage, and fund management.
On 30 June 2011, BNP Paribas Securities Services acquired the legal status of société en commandite par actions (SCA – partnership limited by shares). The BNP Paribas Group is the only “general partner” and therefore provides a direct and unlimited guarantee to its clients.
In July 2011, as a result of its new legal status, BNP Paribas Securities Services was given the same credit rating as its parent company, BNP Paribas. The three biggest rating agencies – Standard & Poor’s, Fitch and Moody’s – emphasised the strength of its commercial position and very low risk profile.
Constantly in pursuit of excellence, the aim of BNP Paribas Securities Services is to continuously support its clients in order for them achieve their objectives while offering a secure and long-term business partner. The recent development of the Luxembourg subsidiary has helped to create new opportunities for the Grand Duchy, in particular with the creation of the European Hub for fund execution activities and the establishment of a “Fund Administration” training centre. In January 2011, BNP Paribas Securities Services Luxembourg also received the “Best Fund Administrator in Luxembourg” award from FundDomiciles.com.