Press Release 08 Feb 2013

BNP Paribas Securities Services, a global custodian with almost USD 7 trillion in assets under custody, yesterday announced its move to new offices in Dublin, located at Trinity Point, South Leinster Street. The inauguration is supported by Department of Jobs, Enterprise and Innovation through IDA Ireland.

BNP Paribas Securities Services in Ireland has operated as a centre of excellence for the servicing of investment funds since 2001, offering a wide range of solutions including global custody and fund administration.

Patrick Colle, CEO of BNP Paribas Securities Services, said: "2013 marks BNP Paribas 40th anniversary in Ireland. These new premises demonstrate our continued commitment to Ireland as a servicing centre for both UCITS and alternative investment funds. Dublin forms an integral part of our Securities Services global operations, which we will continue to develop in the years ahead."

Minister Richard Bruton TD, Department for Jobs, Enterprise and Innovation, commented: “International financial services is a sector targeted under the Government’s Action Plan for Jobs, and we believe that with the correct supports we can continue to attract leading players in the financial services sector such as BNP Paribas and drive major jobs growth in this sector. I would like to wish BNP Paribas continued success in Ireland.”

Barry O’Leary, CEO IDA Ireland, said: “Ireland has long been an attractive destination for servicing the funds of international investment managers, and the commitment of global financial institution such as BNP Paribas further highlights Ireland’s competitiveness as a fund centre.”

BNP Paribas Securities Services launched a BNP Paribas Group-sponsored investment programme in 2010 in Dublin to enhance operational capability for traditional and alternative managers on a shared technology platform; the premise of this initiative being to encapsulate the research, development and innovation efforts undertaken locally for clients.

In 2011, BNP Paribas Securities Services partnered with the IDA Ireland to launch a Dublin-based research initiative focusing on asset administation, known as the “Alternative Fund Lab”, which will now be housed in the new premises. 

Press Contacts
BNP Paribas

Sarah Decottegnie, BNP Paribas Securities Services Press Office                                                            
T: + 44 207 595 4653 – E: Sarah.decottegnie@uk.bnpparibas.com

Andrew Achimu, BNP Paribas Group Press Office  
T: + 33 (0) 1 43 16 82 04 – E: Andrew.achimu@uk.bnpparibas.com

IDA Ireland
Fidelma Geraghty, IDA IrelandPress Office
T: + 353-1-6034127 – E: Fidelma.Geraghty@IDA.ie

About BNP Paribas
BNP Paribas (www.bnpparibas.com) has a presence in 80 countries with nearly 200,000 employees, including more than 150,000 in Europe. It ranks highly in its three core activities: Retail Banking, Investment Solutions and Corporate & Investment Banking. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail banking model across Mediterranean basin countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Investment Banking and Investment Solutions activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas and solid and fast-growing businesses in Asia.

About BNP Paribas Securities Services
BNP Paribas Securities Services (http://securities.bnpparibas.com/jahia/Jahia/site/portal), a wholly owned subsidiary of the BNP Paribas Group, is a leading global custodian and securities services provider backed by a strong universal bank. It provides integrated solutions to all participants in the investment cycle including the buy side, sell side, corporates and issuers.

The bank has a local presence in 34 countries across five continents, effecting global coverage of more than 100 markets. It partners with clients to help overcome complexity, while offering a one-stop shop for all asset classes, both onshore and offshore, around the world.

Key figures as at 30 September 2012: USD 6,815 billion of assets under custody; USD 1,280 billion of assets under administration; more than 7,044 administered funds and 7,700 employees.

The bank was ranked top Global Custodian in Europe in the recent Global Custodian survey, which together with its second place in the R&M Consultants’ respected annual client satisfaction survey of UK fund administrators, is testament of its commitment to providing UK asset managers with leading solutions to address today’s challenges.
 

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