Published On: Sun, Jun 2nd, 2013

BNP Paribas Securities Services Helps Investec to Launch Asian Trading

Barnaby Nelson Head of Client Development, Asia BNP Paribas Securities Service

Barnaby Nelson Head of Client Development, Asia BNP Paribas Securities Service

BNP Paribas Securities Services, a global custodian with over USD$7 trillion of assets under custody, announced May 30 that it has won mandates for four leading international brokers, including Investec, to expand their businesses in Asia-Pacific in the last two months, leveraging the bank’s extensive back office outsourcing platform.

Following the launch of trading operations in early 2013, Investec and three other brokers have begun Asian market activities, using BNP Paribas’ unique third party clearing and settlement platforms in Hong Kong.

The need to quickly establish cost-efficient foot-prints in Asia, is the main reason why brokers such as Investec turned to BNP Paribas in order to simplify the roll-out of their operations in the region,
making the most of the Custodian Bank’s position as the leading global clearer on the Hong Kong Stock Exchange (HKEx).

Barnaby Nelson, head of bank, broker and issuer client development for BNP Paribas Securities Services in Asia, said: “We’ve worked extremely hard to build a high quality clearing platform for global brokers in Asia and this demonstrates that we have what our international partners need in the Asia-Pacific region. We are delighted to be able to support organisations as they realise their global ambitions – and to have the essential tools that they need to grow efficiently.”

BNP Paribas launched clearing services in Hong Kong in 2011 as a modular-based framework within a single platform that supports an unprecedented range of asset classes; including not only traditional
equities but also warrants and ETFs. In relying on BNP Paribas for a full post-trade platform, these and other brokers have chosen to focus their resources on what differentiates them in front of their customers.

Trevor Gatfield, head of securities Operations at Investec, said: “Our clients have brought us to Asia and BNP Paribas has been there to accompany us as we’ve extended our global model into Hong Kong. Having a single international partner has made our expansion so much easier and it has left us free to focus entirely on delivering what our customers want from us here.”

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