London - BNP Paribas Securities Services (‘BNP Paribas’) is pleased to announce that it has won the mandate to provide global custody services in the UK for Brevan Howard Asset Management LLP (‘Brevan Howard’), Europe's largest hedge fund manager.

BNP Paribas was chosen for its superior global and local custody capabilities, its reputation as the leading European securities services provider as well as being part of one of the strongest and safest banking groups in the world. The Bank’s safety and strength was particularly important due to the size of the deal.

Maria Cantillon, Head of Sales for Alternative Funds at BNP Paribas Securities Services said: “This is a very exciting time for BNP Paribas as our alternatives servicing franchise has had an extremely busy and successful year and has signed some of the top names in the UK market. We are delighted to be working with Brevan Howard, one of the most prestigious names in the hedge fund space. This mandate clearly demonstrates the Bank’s continued commitment to our alternatives clients and growing the business in this key space.”

Press contacts

Shani Halstead, Corporate Communications, London +44 (0)20 7595 2436
shani.halstead@uk.bnpparibas.com
Celine Castex, Group Communications, Paris +33(0)1 42 98 15 91
celine.castex@bnpparibas.com

Notes to Editors

About Brevan Howard Asset Management LLP BHAM is a privately owned investment manager and is currently Europe's largest hedge fund manager. They manage hedge funds for their clients and invest in public equity, debt, foreign exchange, commodities and emerging economy derivative markets. They employ over 300 staff in London, Hong Kong, Tokyo and the US. Their funds enjoyed positive performance in 2008 and net inflow of assets month on month. Their main client base is in the US, Asia and Switzerland and comprises institutional investors.

About BNP Paribas

BNP Paribas (www.bnpparibas.com) is the Eurozone’s leading bank in terms of deposits, and one of the 10 most important banks in the world in terms of net banking income, equity capital and market value. Furthermore, it is one of the 6 strongest banks in the world according to Standard & Poor's. With a presence in 85 countries and more than 205,000 employees, 165,200 of which in Europe, BNP Paribas is a global-scale European leader in financial services. It holds key positions in its three activities: Retail banking, Investment Solutions and Corporate & Investment Banking. The Group benefits from its four domestic markets: Belgium, France, Italy and Luxembourg. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.

About BNP Paribas Securities Services

BNP Paribas Securities Services is a wholly-owned subsidiary of the BNP Paribas Group, delivering independent flexibility and commitment, backed by the strength of a leading universal bank. Operating across the investment cycle, we provide post-trade administration solutions to buy-side and sell-side financial institutions and issuers. The Bank has a local presence across 28 countries and global coverage of over 100 markets, offering a one-stop shop for all asset classes, both onshore and offshore, across the globe. With EUR 3.34 trillion (USD 4.65 trillion) assets under custody, EUR 565 billion (USD 786 billion) assets under administration and close to 6,000 funds administered*, BNP Paribas Securities Services is Europe’s leading securities services provider.
* As at 31 December 2008

Singapore, 29 October 2009

BNP Paribas Securities Services Singapore is pleased to announce that it has been appointed by Aberdeen Asset Management Asia for the fund administration and global custody of their “Select” and “South-East Asia” funds, effective 1 October 2009.

BNP Paribas Trust Services Singapore Limited* is the new Trustee for the “Select” funds.

Commenting on this important milestone in the partnership between the two entities in Asia, Arnaud Claudon, Head of BNP Paribas Securities Services Singapore, said: “BNP Paribas Securities Services is pleased that Aberdeen Asset Management has made us their partner of choice globally for outsourcing its middle-office operations. We created a unique “follow-the-sun” model that operates across three time zones - the US, Europe and Asia - giving our clients the flexibility of a global operating model accessible from anywhere in the world. We are delighted to have integrated the fund administration and global custody of these funds in Singapore, creating additional synergies for Aberdeen Asset Management Asia”.

Low Hon-Yu, director of Aberdeen Asset Management Asia, said: “We wanted to consolidate our middle and back-office functions under one roof to minimise both costs and risks. This was of utmost importance as, in a fragmented region such as Asia, the front-office relies heavily on the local expertise of the middle and back-office. In that respect, the role of BNP Paribas Securities Services within our global operating model is a key component to support our growth plan in the region”.

Jean-Marc Pasquet, Head of BNP Paribas Securities Services Asia Pacific, said: "We believe our success in delivering an integrated service to the fragmented European market positions us well to service different countries in Asia. For Aberdeen Asset Management in Asia, we will be bringing the best of our global platforms and expertise, whilst leveraging the best of local talents and infrastructure in Asia. “The closer, the better” is our slogan, but it also accurately describes how we do business”.
* a 100% subsidiary of BNP Paribas Securities Services SA

Press Contacts:

Singapore
Yunis LEE : +65 6210 1038 / yunis.lee@asia.bnpparibas.com
Lynn YEO: +65 6210 1292 / lynn.yeo@asia.bnpparibas.com
London
Shani Halstead +44 207 595 2436 / shani.halstead@uk.bnpparibas.com

About BNP Paribas Securities Services

BNP Paribas Securities Services is a wholly-owned subsidiary of the BNP Paribas Group, delivering independent flexibility and commitment, backed by the strength of a leading universal bank.
Operating across the investment cycle, we provide post-trade administration solutions to buy-side and sell-side financial institutions and issuers. The Bank has a local presence across 28 countries and global coverage of over 100 markets, offering a one-stop shop for all asset classes, both onshore and offshore, across the globe.
With EUR 3.34 trillion (USD 4.65 trillion) assets under custody, EUR 565 billion (USD 786 billion) assets under administration and close to 6,000 funds administered*, BNP Paribas Securities Services is Europe’s leading securities services provider.
* As at 31 December 2008

About BNP Paribas

BNP Paribas (www.bnpparibas.com) is one of the 6 strongest banks in the world according to Standard & Poor's*. With a presence in 85 countries and more than 205,000 employees, 165,200 of which in Europe, BNP Paribas is a global-scale European leader in financial services. It holds key positions in its three activities: Retail banking, Investment Solutions and Corporate & Investment Banking. The Group benefits from its four domestic markets: Belgium, France, Italy and Luxembourg. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.
* Within its peer group

London / Paris / Rabat – BNP Paribas Securities Services (‘BNP Paribas’) have been appointed by CDG Capital to provide global custody services of non-Moroccan assets linked to the recent Moroccan legislation permitting the expatriation of investments outside Morocco.

CDG Capital, a wholly-owned subsidiary of the Group Caisse de Dépot et de Gestion, is one of the leading investment banks in Morocco. . Since its creation in March 2006, CDG Capital offers a large range of value added services in capital markets, corporate finance, asset management and banking and financial services to their private, institutional and corporate clients.

The agreement with BNP Paribas Securities Services, a world recognized expert on securities services, represents an important development for CDG Capital in gaining access to international markets, while continuing to provide high quality services.


Press contacts:

Shani Halstead, Corporate Communications, London +44 (0)20 7595 2436
shani.halstead@uk.bnpparibas.com

Céline Castex, Communication Groupe, Paris +33(0)1 42 98 15 91
celine.castex@bnpparibas.com

About BNP Paribas Securities Services
BNP Paribas Securities Services is a wholly-owned subsidiary of the BNP Paribas Group, delivering independent flexibility and commitment, backed by the strength of a leading universal bank.
Operating across the investment cycle, we provide post-trade administration solutions to buy-side and sell-side financial institutions and issuers. The Bank has a local presence across 26 countries and global coverage of over 100 markets, offering a one-stop shop for all asset classes, both onshore and offshore, across the globe.
With EUR 3.34 trillion (USD 4.65 trillion) assets under custody, EUR 565 billion (USD 786 billion) assets under administration and close to 6,000 funds administered*, BNP Paribas Securities Services is Europe’s leading securities services provider.
In the last two years, BNP Paribas Securities Services has opened offices in eight new locations: Singapore, Bahrain, Turkey, Poland, Hungary, India, Hong Kong, and now Morocco, making it present in 26 countries. An on-the-ground presence gives clients the benefit of direct market access, insight into local regulatory contact and market practices. This step demonstrates the Bank’s dynamism, innovative capabilities and its ambition to development worldwide and be a truly global institution.
* As at 31 December 2008

About BNP Paribas
BNP Paribas (www.bnpparibas.com) is one of the 6 strongest banks in the world according to Standard & Poor's*. With a presence in 85 countries and more than 205,000 employees, 165,200 of which in Europe, BNP Paribas is a global-scale European leader in financial services. It holds key positions in its three activities: Retail banking, Investment Solutions and Corporate & Investment Banking. The Group benefits from its four domestic markets: Belgium, France, Italy and Luxembourg. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.
* Within its peer group

About CDG Capital
CDG Capital is a wholly owned subsidiary of the Group Caisse de Depôt et de Gestion (CDG), which strategy is based on being leader in asset management activities and a reference in investment banking in Morocco.

After only 3 years, CDG Capital became a major actor and a leading operator of the financial Moroccan market. Indeed, CDG Capital operates and enjoys a position of leadership within the different segments of the financial market through its activities of asset management, financial engineering, capital market, and capital investment.


About the Caisse de Dépôt et de Gestion (CDG)
Caisse de Dépôt et de Gestion is a financial institution, a major contributor to the Moroccan economy and a major player in the public political sector of development. Its principle mission is to contribute to the mobilization of long term savings and to ensure its articulation for useful employment for the economical development of Morocco.

BNP Paribas Securities Services has become the latest General Clearing Participant in Hong Kong – launching a comprehensive suite of local clearing and custody services.

Hong Kong, Monday 14th September – BNP Paribas Securities Services announces today that its Hong Kong branch has been granted General Clearing Participant membership to begin offering clearing and custody services locally. With this new licence, BNP Paribas Securities Services now offers clients both third party clearing (correspondent clearing) and local custody services as a key extension to its global network.

As a major milestone within BNP Paribas Securities Services’ Asian expansion program, Hong Kong will be a key centre in the provision of services to broker dealers and global custodians and the bank’s first branch to offer third party clearing services in Asia. Clients will benefit from reduced risk exposure through a proven solution which assumes the clearing risk and is built on extensive experience across Europe’s complex markets.

For Jean-Marc Pasquet, Head of BNP Paribas Securities Services for Asia Pacific, "This is a significant new step for our regional expansion strategy. It reinforces our commitment to provide clients with the benefits of our global expertise in a local context – especially through innovative services such as third party clearing. We have worked hard to build a truly Asian proposition based on our motto "the closer, the better", and we look forward to working with clients across the region in shaping it to their needs."

Bruno Campenon, Head of BNP Paribas Securities Services in Hong Kong, emphasises the importance of this new service for clients: "We see strong demand from clients operating in the region for the same top class custody solutions they receive in Europe. We are very excited about bringing our service suite and considerable experience to Hong Kong, as we continue to expand our Asian footprint."

Press Contacts:

Hong Kong
Lavina CHAN : +852 2909 8812 / lavina.chan@asia.bnpparibas.com
Christine CHAN: +852 2909 8847 / christine.chan@asia.bnpparibas.com
Lilian Kung: +852 2909 8849 / lilian.kung@asia.bnpparibas.com

About BNP Paribas Securities Services

BNP Paribas Securities Services is a wholly-owned subsidiary of the BNP Paribas Group, delivering independent flexibility and commitment, backed by the strength of a leading universal bank.

Operating across the investment cycle, BNP Paribas Securities Services provides post-trade administration solutions to buy-side and sell-side financial institutions and issuers. The Bank has a local presence across 25 countries and global coverage of over 100 markets, offering a one-stop shop for all asset classes, both onshore and offshore, across the globe.

With EUR 3.34 trillion (USD 4.65 trillion) assets under custody, EUR 565 billion (USD 786 billion) assets under administration and close to 6,000 funds administered*, BNP Paribas Securities Services is the Eurozone’s leading securities services provider and number five worldwide by assets under custody.
* As at 31 December 2008

About BNP Paribas

BNP Paribas (www.bnpparibas.com) is one of the 6 strongest banks in the world according to Standard & Poor's*. With a presence in 85 countries and more than 205,000 employees, 165,200 of which in Europe, BNP Paribas is a global-scale European leader in financial services. It holds key positions in its three activities: Retail banking, Investment Solutions and Corporate & Investment Banking. The Group benefits from its four domestic markets: Belgium, France, Italy and Luxembourg. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.
* Within its peer group

Singapore, 24 August 2009

Singapore, 17 August 2009

BNP Paribas Securities Services Singapore has named Arnaud Claudon as new Head of Location for its Singapore office effective August 14. Arnaud was previously co-Head of Singapore with Marcel Weicker, who retired on the same day.

 

 

London – Following BNP Paribas Securities Services’ (‘BNP Paribas’) announcement in February of this year that it has been appointed by Henderson Group as exclusive service provider for Henderson Global Investors’ (‘Henderson’) investment operations and related banking services, excluding services for hedge funds, BNP Paribas is now forging ahead with Henderson in managing the integration of the assets acquired from New Star Asset Management (‘New Star’). The integration of the middle office, which involved GBP 7.6 billion in assets across 114 funds, including retail funds and institutional mandates, is already finalised, completed in only five weeks. This transition is a huge achievement, especially given the aggressive timescale involved. Work is now in hand to onboard the fund accounting and related banking services mandates for these New Star assets.
Henderson Global Investors, a leading international investment manager established 75 years ago, acquired New Star Asset Management in April this year to create Henderson New Star, its UK retail business, which offers investors the best of both groups with strengths in equities, fixed income, multi-manager, commercial property and sustainable and responsible investment.
Andrew Formica, Chief Executive of Henderson Group added: "As we look to grow our business both organically and through acquisition it was imperative that we found a service provider that was able to act as a partner as well as a provider to help us achieve this. By facilitating and managing New Star’s integration, BNP Paribas has proved that it has all the necessary components to partner with us in our continued growth and development ambitions.”
Patrick Colle, Head of BNP Paribas Securities Services in the UK added: "We are delighted to have successfully supported Henderson in this strategic transaction. The New Star integration marks a new key step in our partnership with Henderson and our asset servicing strategy in the UK.”

London – BNP Paribas Securities Services (‘BNP Paribas’) is pleased to announce that it has formed an agreement with ConvergEx to introduce their transition management services to its clients.
Transition Management enables asset owners and managers to restructure their investment portfolios as a result of geographic reallocation, changes in fund managers or for the initial investment of new funds. The process ensures the transition is completed in a risk controlled manner, with a specific trading strategy developed and implemented by the transition manager. As the financial landscape evolves, BNP Paribas continuously aims to meet the needs of its clients and expand its comprehensive range of products and services. As transition management services became increasingly important, the Bank sought a partner to provide the best possible service to our clients. ConvergEx has extensive experience with managing global multi asset class transitions and understands the needs of asset owners across the different regions. BNP Paribas’ agreement with ConvergEx brings together the operational excellence of BNP Paribas and the transition management excellence of ConvergEx.
Simon Walker, Deputy Head Global Custody Product Management at BNP Paribas said: “The alliance with ConvergEx provides our clients with the knowledge that their transition management activity will be managed within the framework of agreed operational procedures, ensuring the efficient settlement of securities and cash transactions as well as pre-execution planning and a streamlined portfolio handover to the incoming fund manager.”
Kal Bassily, head of Global Transition Management at ConvergEx added: “Our worldwide, dedicated transition management staff will offer a good match given BNP Paribas’s global presence. ConvergEx’s full range of technological trading capabilities and access to substantial liquidity allow our seasoned professionals to execute and manage risk effectively for clients.”

 

London - Unicredit CAIB Securities UK (‘Unicredit CAIB’) has appointed BNP Paribas Securities Services (‘BNP Paribas’) as clearing provider on the International Order Book (‘IOB’) of the London Stock Exchange. The London based Unicredit CAIB Securities UK is a subsidiary of CAIB, Vienna, and part of the Unicredit Group, which is one of the top European banking groups in terms of market capitalization.

Unicredit CAIB chose BNP Paribas due to its flexibility, the excellent global service level and the fact that it is one of the few providers who offers clearing only business on the International Order Book. The implementation was extremely successful and trading began at the end of April.

"We are very proud to support Unicredit on the LSE/IOB clearing, and this mandate further demonstrates our strategy to service our clients in their new trading opportunities”, said Markus Luczeczko, Global Relationship Manager, BNP Paribas Securities Services.

About BNP Paribas

BNP Paribas (www.bnpparibas.com) is the Eurozone’s leading bank in terms of deposits, and one of the 10 most important banks in the world in terms of net banking income, equity capital and market value. Furthermore, it is one of the 6 strongest banks in the world according to Standard & Poor's. With a presence in 85 countries and more than 205,000 employees, 165,200 of which in Europe, BNP Paribas is a global-scale European leader in financial services. It holds key positions in its three activities: Retail banking, Investment Solutions and Corporate & Investment Banking. The Group benefits from its four domestic markets: Belgium, France, Italy and Luxembourg. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.

About BNP Paribas Securities Services

BNP Paribas Securities Services is a wholly-owned subsidiary of the BNP Paribas Group, delivering independent flexibility and commitment, backed by the strength of a leading universal bank.
Operating across the investment cycle, we provide post-trade administration solutions to buy-side and sell-side financial institutions and issuers. The Bank has a local presence across 28 countries and global coverage of over 100 markets, offering a one-stop shop for all asset classes, both onshore and offshore, across the globe.
With EUR 3.34 trillion (USD 4.65 trillion) assets under custody, EUR 565 billion (USD 786 billion) assets under administration and close to 6,000 funds administered*, BNP Paribas Securities Services is Europe’s
leading securities services provider.

* As at 31 December 2008

Press contacts:

Shani Halstead, Corporate Communications, London
+44 (0)20 7595 2436 / shani.halstead@uk.bnpparibas.com

Celine Castex, Group Communications, Paris
+33(0)1 42 98 15 91 / celine.castex@bnpparibas.com

London - WestLB AG (‘WestLB), one of Germany´s leading financial services providers and the central institution for the savings banks in North Rhine-Westphalia and Brandenburg, has appointed BNP Paribas Securities Services (‘BNP Paribas’) as asset servicing provider in Hungary and Poland.

BNP Paribas Securities Services will support WestLB´s business directly with its newly opened branches in Hungary and Poland. Previously, BNP Paribas serviced the WestLB Group via their German branch. This mandate is seen as an important step in the BNP Paribas’ partnership with WestLB Group.

Pierre Jond, Head of Global Sales & Relationship Management Financial Intermediaries, BNP Paribas Securities Services, said: "We welcome West LB on board in Poland and Hungary and we are confident that our quality service and customised approach will lead to a fruitful co-operation, further enhancing the already strong relationship between our two institutions."

About BNP Paribas

BNP Paribas (www.bnpparibas.com) is the Eurozone’s leading bank in terms of deposits, and one of the 10 most important banks in the world in terms of net banking income, equity capital and market value. Furthermore, it is one of the 6 strongest banks in the world according to Standard & Poor's. With a presence in 85 countries and more than 205,000 employees, 165,200 of which in Europe, BNP Paribas is a global-scale European leader in financial services. It holds key positions in its three activities: Retail banking, Investment Solutions and Corporate & Investment Banking. The Group benefits from its four domestic markets: Belgium, France, Italy and Luxembourg. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.

About BNP Paribas Securities Services

BNP Paribas Securities Services is a wholly-owned subsidiary of the BNP Paribas Group, delivering independent flexibility and commitment, backed by the strength of a leading universal bank.
Operating across the investment cycle, we provide post-trade administration solutions to buy-side and sell-side financial institutions and issuers. The Bank has a local presence across 26 countries and global coverage of over 100 markets, offering a one-stop shop for all asset classes, both onshore and offshore, across the globe.
With EUR 3.34 trillion (USD 4.65 trillion) assets under custody, EUR 565 billion (USD 786 billion) assets under administration and close to 6,000 funds administered*, BNP Paribas Securities Services is Europe’s
leading securities services provider.

* As at 31 December 2008

Press contacts:

Shani Halstead / Media Relations / Corporate Communications
BNP Paribas / 10 Harewood Avenue / London, NW16AA
+44 (0)20 7595 2436 / shani.halstead@uk.bnpparibas.com

Celine Castex / Group Communications / Paris
+33(0)1 42 98 15 91 / celine.castex@bnpparibas.com

London - BNP Paribas Securities Services (‘BNP Paribas’) is pleased to announce that it has been selected by European Multilateral Clearing Facility N.V. (‘EMCF’) for its settlement outsourcing in Portugal. BNP Paribas’ solution will allow underlying EMCF clients to trade Portuguese securities on multiple MTF platforms and in Portugal, BNP Paribas will act as settlement agent for EMCF.

Jan Booij, CEO of EMCF commented: “The in-depth market knowledge and experience we have already encountered with BNP Paribas in Italy and Spain, in combination with the high internationally acknowledged service rating, have convinced us to select BNP Paribas as our settlement service provider for Portugal too, subject to the regulatory approval, which we expect very soon."
Alan Cameron, global head of clearing, settlement and custody client solutions, BNP Paribas Securities Services added: “We are delighted to extend our partnership with EMCF to Portugal. Bringing our solutions to central counterparties is an important component of our offer and EMCF is an outstanding player in this segment. We are wholly committed to developing partnerships and solutions to open up new investment platforms and to reinforce our position as a solution provider to market infrastructures.”

About BNP Paribas

BNP Paribas (www.bnpparibas.com) is the Eurozone’s leading bank in terms of deposits, and one of the 10 most important banks in the world in terms of net banking income, equity capital and market value. Furthermore, it is one of the 6 strongest banks in the world according to Standard & Poor's. With a presence in 85 countries and more than 205,000 employees, 165,200 of which in Europe, BNP Paribas is a global-scale European leader in financial services. It holds key positions in its three activities: Retail banking, Investment Solutions and Corporate & Investment Banking. The Group benefits from its four domestic markets: Belgium, France, Italy and Luxembourg. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.

About BNP Paribas Securities Services

BNP Paribas Securities Services is a wholly-owned subsidiary of the BNP Paribas Group, delivering independent flexibility and commitment, backed by the strength of a leading universal bank.
Operating across the investment cycle, we provide post-trade administration solutions to buy-side and sell-side financial institutions and issuers. The Bank has a local presence across 26 countries and global coverage of over 100 markets, offering a one-stop shop for all asset classes, both onshore and offshore, across the globe.
With EUR 3.34 trillion (USD 4.65 trillion) assets under custody, EUR 565 billion (USD 786 billion) assets under administration and close to 6,000 funds administered*, BNP Paribas Securities Services is Europe’s
leading securities services provider.

* As at 31 December 2008

Notes to Editors:

About European Multilateral Clearing Facility

EMCF was established in March 2007 to provide competitive central counterparty clearing services for the rapidly growing MTF market. EMCF currently provides CCP services for BATS, Chi-X, Nasdaq OMX Europe and Nasdaq OMX Nordic. Current clearing volumes exceed 1, 5 million transactions per day, representing between 10%-15% of total European volumes, ranking it Europe’s second cash equities CCP.
EMCF is the most competitive European CCP, providing tangible savings for the industry. EMCF offers clearing participants a transparent fee schedule, charging only a low fixed fee across markets. EMCF is a subsidiary of Fortis Bank Nederland N.V. (majority) and Nasdaq OMX Nordic Group Inc. The activities of EMCF are regulated by the Dutch central bank, De Nederlandsche Bank (DNB), the Dutch Authority for the Financial Markets (AFM) and the UK Financial Services Authority (FSA).

Press contacts:

Shani Halstead / Media Relations / Corporate Communications
BNP Paribas / 10 Harewood Avenue / London, NW16AA
+44 (0)20 7595 2436 / shani.halstead@uk.bnpparibas.com

Paris - BNP Paribas Securities Services (‘BNP Paribas’) is pleased to announce that it has been mandated by GE Real Estate Management France SAS to provide depobank, custody, registrar services and fund administration for their OPCI funds.

GE Real Estate Management France SAS is a subsidiary of GE Real Estate in France which is a business unit of GE Capital, one of the 4 activities of the GE Group.

Marielle Prioult-Seegmuller, President for GE Real Estate Management France SAS, said, "We have chosen BNP Paribas Securities Services as the custodian and depobank for our OPCI funds in France because BNP Paribas has an excellent long-standing track record and experience in fund administration, making it a great fit for GE Real Estate’s service requirements.“

About BNP Paribas

BNP Paribas (www.bnpparibas.com) is the Eurozone’s leading bank in terms of deposits, and one of the 10 most important banks in the world in terms of net banking income, equity capital and market value. Furthermore, it is one of the 6 strongest banks in the world according to Standard & Poor's. With a presence in 85 countries and more than 205,000 employees, 165,200 of which in Europe, BNP Paribas is a global-scale European leader in financial services. It holds key positions in its three activities: Retail banking, Investment Solutions and Corporate & Investment Banking. The Group benefits from its four domestic markets: Belgium, France, Italy and Luxembourg. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.

About BNP Paribas Securities Services

BNP Paribas Securities Services is a wholly-owned subsidiary of the BNP Paribas Group, delivering independent flexibility and commitment, backed by the strength of a leading universal bank.
Operating across the investment cycle, we provide post-trade administration solutions to buy-side and sell-side financial institutions and issuers. The Bank has a local presence across 26 countries and global coverage of over 100 markets, offering a one-stop shop for all asset classes, both onshore and offshore, across the globe.
With EUR 3.34 trillion (USD 4.65 trillion) assets under custody, EUR 565 billion (USD 786 billion) assets under administration and close to 6,000 funds administered*, BNP Paribas Securities Services is Europe’s
leading securities services provider.

* As at 31 December 2008

Press contacts:

Shani Halstead, Corporate Communications, London
+44 (0)20 7595 2436 / shani.halstead@uk.bnpparibas.com

Celine Castex, Group Communications, Paris
+33(0)1 42 98 15 91 / celine.castex@bnpparibas.com

Paris / London – BNP Paribas Securities Services is pleased to announce its cooperation agreement with BMCI, which will provide its international clients with local clearing and custody and global corporate trust services in Morocco. The agreement will come into effect from the 1st of July 2009.

Through BMCI Securities Services, BNP Paribas clients will benefit from a local team with over 15 years experience in custody integrated into the Bank’s global proprietary network. BMCI Securities Services will be headed up by Sylvie Nouri of BMCI, while Nadia Affane, who will relocate from BNP Paribas Securities Services Paris to BMCI, will manage sales and relationship management.

BMCI, which was created in 1977, is now a 66.21% owned subsidiary of the BNP Paribas Group and has been BNP Paribas Securities Services’ sub-custodian since 2004. BNP Paribas Securities Services always aims to create long-term partners which fit well with its strategy and allow the Bank to benefit from local knowledge and expertise. This agreement is another step in BNP Paribas Securities Services’ ambition and commitment to provide its clients with the best possible solutions worldwide.

About BNP Paribas

BNP Paribas (www.bnpparibas.com) is the Eurozone’s leading bank in terms of deposits, and one of the 10 most important banks in the world in terms of net banking income, equity capital and market value. Furthermore, it is one of the 6 strongest banks in the world according to Standard & Poor's. With a presence in 85 countries and more than 205,000 employees, 165,200 of which in Europe, BNP Paribas is a global-scale European leader in financial services. It holds key positions in its three activities: Retail banking, Investment Solutions and Corporate & Investment Banking. The Group benefits from its four domestic markets: Belgium, France, Italy and Luxembourg. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.

About BNP Paribas Securities Services

BNP Paribas Securities Services is a wholly-owned subsidiary of the BNP Paribas Group, delivering independent flexibility and commitment, backed by the strength of a leading universal bank.
Operating across the investment cycle, we provide post-trade administration solutions to buy-side and sell-side financial institutions and issuers. The Bank has a local presence across 26 countries and global coverage of over 100 markets, offering a one-stop shop for all asset classes, both onshore and offshore, across the globe.
With EUR 3.34 trillion (USD 4.65 trillion) assets under custody, EUR 565 billion (USD 786 billion) assets under administration and close to 6,000 funds administered*, BNP Paribas Securities Services is Europe’s
leading securities services provider.
In the last two years, BNP Paribas Securities Services has opened offices in eight new locations: Singapore, Bahrain, Turkey, Poland, Hungary, India, Hong Kong, and now Morocco, making it present in 26 countries. An on-the-ground presence gives clients the benefit of direct market access, insight into local regulatory contact and market practices. This step demonstrates the Bank’s dynamism, innovative capabilities and its ambition to development worldwide and be a truly global institution.

* As at 31 December 2008

About BMCI

BMCI (www.bmcinet.com), whose majority shareholder is BNP Paribas Group, is a universal banking corporation serving all client types: private individuals (including Moroccans living abroad), professionals, large companies and institutions, small and medium-sized companies.
Meeting its clients’ needs through a network of over 240 branches across Morocco, BMCI offers the expertise and knowledge of its 10 subsidiaries and specialist boutiques. BMCI has a broad range of capabilities including corporate finance, asset management, capital markets transactions, custody and leasing.
The Bank is certified ISO 9001 (2000) for its trade finance capabilities and international transfers. Through BMCI’s “BNP Paribas Trade Center” based in Casablanca, BMCI holds a position of reference in international trade business.
In 2008, Fitch confirmed its domestic ratings F1+ and AAA, the highest ratings for a Moroccan company, confirming BMCI’s financial stability and its strong position in the Moroccan banking sector.

Press contacts:

Shani Halstead, Corporate Communications, London
+44 (0)20 7595 2436 / shani.halstead@uk.bnpparibas.com

Celine Castex, Group Communications, Paris
+33(0)1 42 98 15 91 / celine.castex@bnpparibas.com

Paris / London - BNP Paribas Securities Services is pleased to announce that it has been mandated to provide back-office outsourcing and settlement by Pipeline Financial Europe (‘Pipeline Financial’) through its Clearsuite® solution.

The Clearsuite® range of services includes the Hybrid Clearing Model which allows both buy-side and sell-side institutions to access Pipeline Financial by offering the ability to operate both with, or without, a CCP. Pipeline Financial enables access to liquidity across 14 European markets covering over 5,000 stocks including all the main European indices as well as a range of ETFs.

Marcus Hooper, Executive Director for Pipeline Financial Group Limited said “Following an extensive and detailed selection process we are delighted to have chosen BNP Paribas Securities Services as our post-trade partner. The ‘Clearsuite® solution allows us to launch in Europe on a stable and proven platform which is supported by a partner who matches our ambition to deliver market leading innovation to our clients.”

Commenting on the partnership, Jason Nabi, head of Financial Intermediaries Solutions UK, BNP Paribas Securities Services said: “Since the launch of our single-tier Hybrid Clearing Model for MTFs last July, we are pleased to have partnered with Pipeline Financial to provide their back-office outsourcing and settlement. As one of the most successful alternative trading systems in the US, Pipeline forms an important part of our market infrastructure strategy. We are pleased to be offering them this unique and market leading solution for their back-office requirements.”

Press contacts:

Pascal Henisse, Group Communications, Paris
+33(0)1 40 14 65 14 / pascal.henisse@bnpparibas.com

Shani Halstead, Corporate Communications, London
+44 (0)20 7595 2436 / shani.halstead@uk.bnpparibas.com

Edwina Frawley-Gangahar, Corporate Communications, New York
+1 212 841 3719 / edwina.frawley-gangahar@americas.bnpparibas.com

About BNP Paribas

BNP Paribas (www.bnpparibas.com) is a European leader in global banking and financial services and is one of the 3 strongest banks in the world according to Standard & Poor’s. The group is present in over 85 countries, with more than 168,000 employees, including 129,500 in Europe. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business lines, the bank’s two domestic markets in retail banking are France and Italy. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.

About BNP Paribas Securities Services

BNP Paribas Securities Services is a wholly-owned subsidiary of the BNP Paribas Group, delivering independent flexibility and commitment, backed by the strength of a leading universal bank.

Operating across the investment cycle, we provide post-trade administration solutions to buy-side and sell-side financial institutions and issuers. The Bank has a local presence across 25 countries and global coverage of over 100 markets, offering a one-stop shop for all asset classes, both onshore and offshore, across the globe.

With EUR 3.34 trillion (USD 4.65 trillion) assets under custody, EUR 565 billion (USD 786 billion) assets under administration and close to 6,000 funds administered*, BNP Paribas Securities Services is the Eurozone’s leading securities services provider.

* As at 31 December 2008

About Pipeline

Pipeline partners with block traders to optimize the execution of giant orders while denying statistical arbitrageurs the information they'd need to take advantage of institutional orders. Pipeline is the only block execution system that combines the high probability of block liquidity with the unmatched performance of predictive switching between best of breed algorithms. It was built from the ground up to deliver impact-free block liquidity in the face of increasingly sophisticated predators. [Elkins McSherry point] Pipeline is headquartered in New York with offices in Boston, Chicago, London and San Francisco.

For more information, visit For more information, visit www.pipelinetrading.com

BNP Paribas Securities Services has been granted a banking licence by the Hong Kong Monetary Authority. This is the first major step for BNP Paribas Securities Services in Hong Kong to offer new services to clients.

Hong Kong, 14 May 2009 - BNP Paribas Securities Services announces today that its branch in Hong Kong was granted a banking licence by the Hong Kong Monetary Authority.

Three weeks after being granted a banking licence in Singapore, this new stage reaffirms the commitment and the fast expansion of BNP Paribas Securities Services in Asia Pacific. By opening offices in multiple locations across the region, BNP Paribas Securities Services aims at providing its clients with the same state of the art solutions all around the world.

Speaking about the licence, Bruno Campenon, Head of BNP Paribas Securities Services in Hong Kong, says: “We are delighted to be granted this licence as it marks an important step in the development of a unique custodian bank in the Hong Kong market. We still have more steps to go* but we are confident that we will be able to further support our clients’ growth ambitions in this region and to give them access to our fully integrated and personalised clearing and custody solutions.”

*: subject to further regulatory approvals from the Securities and Futures Commission (SFC) and the Hong Kong Exchanges and Clearing limited (HKEx)

Press contacts:

Hong Kong

Lavina CHAN : +852 2909 8812 / lavina.chan@asia.bnpparibas.com
Christine CHAN: +852 2909 8847 / christine.chan@asia.bnpparibas.com

London

Shani Halstead +44 (0)20 7595 2436 / shani.halstead@uk.bnpparibas.com

About BNP Paribas

BNP Paribas (www.bnpparibas.com) is a European leader in global banking and financial services and is one of the 3 strongest banks in the world according to Standard & Poor’s. The group is present in over 85 countries, with more than 168,000 employees, including 129,500 in Europe. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business lines, the bank’s two domestic markets in retail banking are France and Italy. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.

About BNP Paribas Securities Services

BNP Paribas Securities Services is a wholly-owned subsidiary of the BNP Paribas Group, delivering independent flexibility and commitment, backed by the strength of a leading universal bank.

Operating across the investment cycle, we provide post-trade administration solutions to buy-side and sell-side financial institutions and issuers. The Bank has a local presence across 25 countries and global coverage of over 100 markets, offering a one-stop shop for all asset classes, both onshore and offshore, across the globe.

With EUR 3.34 trillion (USD 4.65 trillion) assets under custody, EUR 565 billion (USD 786 billion) assets under administration and close to 6,000 funds administered*, BNP Paribas Securities Services is the Eurozone’s leading securities services provider and number five worldwide by assets under custody.

* As at 31 December 2008

Shani Halstead, Corporate Communication, London +44 (0)20 7595 2436
shani.halstead@uk.bnpparibas.com
 

TEB Securities Services, formed by TEB A.S. and BNP Paribas Securities Services in 2007, has launched back-office settlement outsourcing services, in Turkey.

This solution complements the fully-fledged local clearing and custody offer already provided by TEB Securities Services to foreign institutional investors. TEB Securities Services provides local brokerage houses with secure transactions at lower costs and reduced operational risk. The services are specifically designed to fulfill the needs of international players who choose to operate through their local entities for cash equities trading.

The outsourcing services combine the expertise of BNP Paribas Securities Services, the European leading provider, with TEB’s local market knowledge. It provides efficiency in the full settlement cycle for non-resident investors by managing the settlement operations of the local brokers together with those of local clearing and custody participants.

Press contacts:

Shani Halstead, Communication Groupe, London +44 (0)20 7595 2436
shani.halstead@uk.bnpparibas.com
 

Notes to editors

About BNP Paribas

BNP Paribas (www.bnpparibas.com) is a European leader in global banking and financial services and is one of the 3 strongest banks in the world according to Standard & Poor’s. The group is present in over 85 countries, with more than 168,000 employees, including 129,500 in Europe. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business lines, the bank’s two domestic markets in retail banking are France and Italy. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.

About BNP Paribas Securities Services

BNP Paribas Securities Services is a wholly-owned subsidiary of the BNP Paribas Group, delivering independent flexibility and commitment, backed by the strength of a leading universal bank.

Operating across the investment cycle, we provide post-trade administration solutions to buy-side and sell-side financial institutions and issuers. The Bank has a local presence across 25 countries and global coverage of over 100 markets, offering a one-stop shop for all asset classes, both onshore and offshore, across the globe.

With EUR 3.34 trillion (USD 4.65 trillion) assets under custody, EUR 565 billion (USD 786 billion) assets under administration and close to 6,000 funds administered*, BNP Paribas Securities Services is the Eurozone’s leading securities services provider.

* As at 31 December 2008

About TEB Securities Services

TEB Securities Services, formed by TEB and BNP Paribas Securities Services in December 2007, combines the strengths of Europe’s leading securities services provider with a leading and fast growing bank in Turkey.

TEB Securities Services offers clients local custody and clearing services, including comprehensive cash management products and extensive treasury resources to help clients with their trading business.

TEB Securities Services has a unique access to TurkDEX, providing clients with a packaged Execution (TEB Investment) clearing and reporting (TEB Securities Services) solution for all Turkish instrument types. At the same time, thanks to its local presence and trading abilities, TEB Securities Services’ offer includes bundled execution and clearing services for equities and fixed income instruments. Non-resident financial institutions can also benefit from cash clearing services offered by TEB and securities lending capabilities through BNP Paribas Securities Services Paris desk.

TEB Securities Services also provides local brokerage houses with secure transactions at lower costs and reduced operational risk through its back office settlement outsourcing service.

Shani Halstead, Communication Groupe, London +44 (0)20 7595 2436
shani.halstead@uk.bnpparibas.com
 

BNP Paribas Securities Services has been granted a wholesale banking licence by the Monetary Authority of Singapore and is now able to offer local and global custody services in addition to the trustee, fund and investment administration services it already provides to its clients in Asia.

Singapore, 23 April 2009 – BNP Paribas Securities Services announces today that its branch in Singapore was granted a wholesale banking licence to widen the services offered locally. With this new licence, BNP Paribas Securities Services can now offer its clients global and local custody, as well as treasury and liquidity services.

BNP Paribas Securities Services has now been operating in Singapore for more than one year delivering trustee and fund administration services to Singapore domiciled unit trusts as well as offshore funds managed by asset management companies based in the region.

For Jean-Marc Pasquet, Head of BNP Paribas Securities Services for Asia Pacific, “This new step represents a significant milestone for the development of BNP Paribas Securities Services in Asia Pacific where we have sizeable ambitions. It reinforces our commitment to provide our clients with the same high quality services all around the world with on-the-ground support in all time zones in all regions. This illustrates our "the closer, the better" motto, and we shall continue our efforts to grow at a vigorous pace to be operational in 8-10 key markets by 2013, with Hong Kong being the next step in a few months.”

Elizabeth Chia, Head of Global Custody Solutions for Asia Pacific, emphasizes how important this step is for clients: “We see a strong demand from our Europe-based clients operating in the region to be offered the same top class custody and administration solutions they are delivered in Europe. In the same time, we believe many institutional investors and financial intermediaries in Asia will increasingly think about outsourcing their middle and back-office operations in this current environment to focus on their core businesses. In that respect, they will now have access to unrivalled solutions in the market by partnering with BNP Paribas, one of the most solid banks in the world.”

Press contacts:

Singapore
Yunis LEE :+65 6210 1038
yunis.lee@asia.bnpparibas.com
Lynn YEO:+65 6210 1292
lynn.yeo@asia.bnpparibas.com

About BNP Paribas

BNP Paribas (www.bnpparibas.com) is a European leader in global banking and financial services and is one of the 3 strongest banks in the world according to Standard & Poor’s. The group is present in over 85 countries, with more than 168,000 employees, including 129,500 in Europe. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business lines, the bank’s two domestic markets in retail banking are France and Italy. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.

About BNP Paribas Securities Services

BNP Paribas Securities Services is a wholly-owned subsidiary of the BNP Paribas Group, delivering independent flexibility and commitment, backed by the strength of a leading universal bank.

Operating across the investment cycle, we provide post-trade administration solutions to buy-side and sell-side financial institutions and issuers. The Bank has a local presence across 25 countries and global coverage of over 100 markets, offering a one-stop shop for all asset classes, both onshore and offshore, across the globe.

With EUR 3.34 trillion (USD 4.65 trillion) assets under custody, EUR 565 billion (USD 786 billion) assets under administration and close to 6,000 funds administered*, BNP Paribas Securities Services is the Eurozone’s leading securities services provider.

* As at 31 December 2008

Press contacts:

Celine Castex, Group Communications, Paris +33(0)1 42 98 15 91
celine.castex@bnpparibas.com
Shani Halstead, Corporate Communications, London +44 (0)20 7595 2436
shani.halstead@uk.bnpparibas.com

London - Further to the Baikal Global Limited (‘Baikal’) announcement regarding partners for their new platform announced yesterday, BNP Paribas Securities Services (‘BNP Paribas’) is pleased to confirm that it has been mandated by Baikal for back office outsourcing and settlement services for the Baikal smart order routing platform and ‘dark pool’ order book.

Jason Nabi, UK Head of Financial Intermediaries, BNP Paribas said: “Baikal is set to become one of the industry leading platforms in Europe and with the pending launch we are proud to be Baikal’s partner for back-office and settlement across Europe. This is a milestone deal and it further validates our commitment to delivering industry leading solutions to the market infrastructure client segment.”

John Wilson, CEO Baikal said: “Baikal is set to become a major platform for trading of European stocks and with BNP Paribas providing us with operational post-trade services we are confident we have a solid foundation on which to launch and build our business.“

About BNP Paribas

BNP Paribas (www.bnpparibas.com) is a European leader in global banking and financial services and is one of the 3 strongest banks in the world according to Standard & Poor’s. The group is present in over 85 countries, with more than 168,000 employees, including 129,500 in Europe. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business lines, the bank’s two domestic markets in retail banking are France and Italy. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.

About BNP Paribas Securities Services

BNP Paribas Securities Services is a wholly-owned subsidiary of the BNP Paribas Group, delivering independent flexibility and commitment, backed by the strength of a leading universal bank.

Operating across the investment cycle, we provide post-trade administration solutions to buy-side and sell-side financial institutions and issuers. The Bank has a local presence across 25 countries and global coverage of over 100 markets, offering a one-stop shop for all asset classes, both onshore and offshore, across the globe.

With EUR 3.34 trillion (USD 4.65 trillion) assets under custody, EUR 565 billion (USD 786 billion) assets under administration and close to 6,000 funds administered*, BNP Paribas Securities Services is the Eurozone’s leading securities services provider.

* As at 31 December 2008

Press contacts:

Celine Castex, Group Communications, Paris +33(0)1 42 98 15 91
celine.castex@bnpparibas.com
Shani Halstead, Corporate Communications, London +44 (0)20 7595 2436
shani.halstead@uk.bnpparibas.com

London / Paris - BNP Paribas Securities Services (‘BNP Paribas’) has successfully launched clearing services on the LSE's International Order Book (‘IOB’). The services provided are part of the bank’s Clearsuite® solutions package which delivers flexible products to any new and incumbent trading venues.

The IOB offers specialist investors easy and cost efficient access to international markets via Depositary Receipts (‘DRs’) from 46 countries. Trading on the IOB has grown rapidly since its inception; the value traded on the service has more than quadrupled in the last five years, reaching USD 246.2 billion in 2008. LCH Clearnet Ltd will act as the Central Counterparty Participant (‘CCP’) to clear 50 of the most liquid depositary receipt stocks listed on the IOB.

One of the first clients BNP Paribas is offering this service to is Panmure Gordon & Co (‘Panmure’). Nick Cook, Executive Director, Panmure said: "The introduction of a CCP for IOB stocks provides post-trade anonymity and improved settlement netting facilities in conjunction with the risk benefits achieved from exposure to a CCP. BNP Paribas' detailed knowledge of the ever-changing market infrastructure segment and the extension of its existing global clearing member services have allowed Panmure to participate from the first day of the CCP facility."

Alan Cameron, Head of Clearing, Settlement and Custody Client Solutions said: “Clearsuite® clients benefit from a panel of flexible products and solutions that simplify the access to all trading platforms and CCPs. We understand the difficulties our clients are facing in view of new market infrastructure initiatives as well as navigating the current market conditions. Clearsuite® has, therefore, been developed to provide our clients with solutions for all their post-trade needs, allowing them to focus on their core expertise.”

About BNP Paribas

BNP Paribas (www.bnpparibas.com) is a European leader in global banking and financial services and is one of the 3 strongest banks in the world according to Standard & Poor’s. The group is present in over 85 countries, with more than 168,000 employees, including 129,500 in Europe. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business lines, the bank’s two domestic markets in retail banking are France and Italy. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.

About BNP Paribas Securities Services

BNP Paribas Securities Services is a wholly-owned subsidiary of the BNP Paribas Group, delivering independent flexibility and commitment, backed by the strength of a leading universal bank.

Operating across the investment cycle, we provide post-trade administration solutions to buy-side and sell-side financial institutions and issuers. The Bank has a local presence across 25 countries and global coverage of over 100 markets, offering a one-stop shop for all asset classes, both onshore and offshore, across the globe.

With EUR 3.34 trillion (USD 4.65 trillion) assets under custody, EUR 565 billion (USD 786 billion) assets under administration and close to 6,000 funds administered*, BNP Paribas Securities Services is the Eurozone’s leading securities services provider.

* As at 31 December 2008

Press contacts:

Celine Castex, Group Communications, Paris +33(0)1 42 98 15 91
celine.castex@bnpparibas.com
Shani Halstead, Corporate Communications, London +44 (0)20 7595 2436
shani.halstead@uk.bnpparibas.com

London / Paris - BNP Paribas Securities Services (BNP Paribas) is delighted to have been appointed by Henderson Group as exclusive service provider for Henderson Global Investors' investment operations and related banking services, excluding services for hedge funds.

The new contract with Henderson brings an added dimension to the partnership between the two organisations. In addition to providing a full range of investment operations services, and related banking services such as custody, securities lending, cash and foreign exchange. BNP Paribas will also enhance its global distribution contribution to Henderson's products.

Building on a stable service and its in-depth knowledge of Henderson's investment operations, BNP Paribas now offers a single, strategic global operating model to support Henderson's future growth and development. In addition, Henderson will benefit from access to banking related services - cash and treasury management, and FX - delivered by a universal global bank.

Andrew Formica, Chief Executive of Henderson Group says, "As we look to grow and expand our business it is important that we have strong and strategic support from our partners to ensure we provide the highest level of service to our clients. After extensive due diligence it is clear BNP Paribas provides an excellent partner to meet our ambitions for our business and the service standards our clients expect."

Commenting on the new contract, Patrick Colle, head of BNP Paribas Securities Services in the UK said, "The agreement marks a new stage in our long-standing relationship with Henderson, a client who is at the heart of our global strategy and UK business plans. This strategic partnership between our two organisations gives us the exclusive opportunity, not only to develop new services and accompany Henderson in their future growth, but also to invest in our client's own products. This partnership further strengthens our collaboration and underlines our full commitment to Henderson's future success."

About BNP Paribas

BNP Paribas (www.bnpparibas.com) is a European leader in global banking and financial services and is one of the 3 strongest banks in the world according to Standard & Poor’s. The group is present in over 85 countries, with more than 168,000 employees, including 129,500 in Europe. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business lines, the bank’s two domestic markets in retail banking are France and Italy. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.

About BNP Paribas Securities Services

BNP Paribas Securities Services is a wholly-owned subsidiary of the BNP Paribas Group, delivering independent flexibility and commitment, backed by the strength of a leading universal bank.

Operating across the investment cycle, we provide post-trade administration solutions to buy-side and sell-side financial institutions and issuers. The Bank has a local presence across 25 countries and global coverage of over 100 markets, offering a one-stop shop for all asset classes, both onshore and offshore, across the globe.

With EUR 3.34 trillion (USD 4.65 trillion) assets under custody, EUR 565 billion (USD 786 billion) assets under administration and close to 6,000 funds administered*, BNP Paribas Securities Services is the Eurozone's leading securities services provider.

* As at 31 December 2008

About Henderson Global Investors

Established in 1934, Henderson Global Investors is a leading independent global asset management firm. The company provides its institutional, retail and high net-worth clients with access to skilled investment professionals representing a broad range of asset classes, including equities, fixed income, property and private capital. Headquartered in London, Henderson is one of Europe's largest investment managers, with £49.5 billion (Euro51.2bn / $71.2bn) assets under management (as at 31 December 2008) and employs around 900 people world-wide.

Press contacts:

Celine Castex, Group Communications, Paris +33(0)1 42 98 15 91
celine.castex@bnpparibas.com
Shani Halstead, Corporate Communications, London +44 (0)20 7595 2436
shani.halstead@uk.bnpparibas.com

BNP Paribas Securities Services selected to provide securities services for OFI Asset Management (OFI AM)

Paris / London - BNP Paribas Securities Services have been appointed by OFI Asset Management (OFI AM) to provide custody, depositary, fund administration and clearing services for listed derivatives linked to its asset management activities.

OFI AM mainly manages the assets of large French Mutual Insurance companies and institutional clients.

This mandate represents EUR 8 billion of assets among which are 18 mutual funds and 50 mandates. It reinforces BNP Paribas Securities Services' leading position with institutional investors, as Gérard Bourret, OFI AM's general manager, confirms: "We chose BNP Paribas Securities Services because they are responsive, professional and committed to the long term".

About BNP Paribas

BNP Paribas (www.bnpparibas.com) is a European leader in global banking and financial services and is one of the 6 strongest banks in the world according to Standard & Poor's. The group is present in 85 countries, with more than 171,000 employees, including 131.000 in Europe. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business lines, the bank's two domestic markets in retail banking are France and Italy. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.

About BNP Paribas Securities Services

BNP Paribas Securities Services is a wholly-owned subsidiary of the BNP Paribas Group, delivering independent flexibility and commitment, backed by the strength of a leading universal bank.

Operating across the investment cycle, we provide post-trade administration solutions to buy-side and sell-side financial institutions and issuers. The Bank has a local presence across 25 countries and global coverage of over 100 markets, offering a one-stop shop for all asset classes, both onshore and offshore, across the globe.

With EUR 3.34 trillion (USD 4.65 trillion) assets under custody, EUR 565 billion (USD 786 billion) assets under administration and close to 6,000 funds administered*, BNP Paribas Securities Services is the Eurozone's leading securities services provider.

*As at 31 December 2008

Shani Halstead | Media Relations | Corporate Communications

BNP Paribas | 10 Harewood Avenue | London, NW1 6AA
Direct Line: +44 (0) 20 7595 2436 | Mobile: +44 7920 505 172
Email :shani.halstead@uk.bnpparibas.com

BNP Paribas Securities Services ('BNP Paribas') is pleased to announce the recruitment of Elizabeth Chia. Elizabeth joins the Singapore office in January 2009 as Senior Relationship Manager and will be in charge of Global Custody Solutions across the region; she will report to Arnaud Claudon, Co-Head of the ASEAN securities services business unit.

Elizabeth joins BNP Paribas from DBS Bank where she was managing director, heading GTS-Securities Services. She also held other key product and client management positions with Deutsche Bank Asia Pacific, based in Singapore, accumulating more than 25 years of fund administration and custody experience across multiple Asian markets.

Commenting on this appointment, Jean Marc Pasquet, Head of BNP Paribas Securities Services for Asia Pacific, said: "We are delighted to welcome Elizabeth to our regional team. Her wealth of experience within the asset servicing industry in Asia reinforces the bank's ambition to provide its global and regional clients with market-leading solutions and support."

This appointment takes place within BNP Paribas Securities Services strategic expansion in the Asia Pacific region. Present in this region since 2002, BNP Paribas Securities Services is now accelerating its development. Following the opening of new offices in Singapore in December 2007 and in India in 2008, the Hong Kong office will be up and running in 2009. The bank will continue to seek new opportunities to grow and enrich its range of services and products in Asia Pacific, and plans to be operational in 8-10 key markets in the region by 2013, offering local client support and operations infrastructure.

About BNP Paribas

BNP Paribas (www.bnpparibas.com) is a European leader in global banking and financial services and is one of the 3 strongest banks in the world according to Standard & Poor’s. The group is present in 85 countries, with more than 171,000 employees, including 131,000 in Europe. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business lines, the bank’s two domestic markets in retail banking are France and Italy. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.

About BNP Paribas Securities Services

As a wholly owned subsidiary of BNP Paribas, BNP Paribas Securities Services (www.securities.bnpparibas.com is the world’s highest rated custody bank (Standard & Poor’s AA+). With €3.6 trillion assets under custody, €739 billion assets under administration and close to 6,000 funds administered*, BNP Paribas Securities Services is the eurozone’s leading securities services provider.
Operating across the investment cycle, the Bank has a local presence across 25 countries and global coverage of over 100 markets, offering a one-stop shop for all asset classes, both onshore and offshore, across the globe.

*figures as at September, 2008

Press contacts:

Celine Castex, Group Communications, Paris +33(0)1 42 98 15 91
celine.castex@bnpparibas.com
Shani Halstead, Corporate Communications, London +44 (0)20 7595 2436
shani.halstead@uk.bnpparibas.com

London - BNP Paribas, one of the largest and strongest financial services groups in the world, announces that it is targeting the UK IFA market as a strategic growth area. Over the coming years, the Bank is committed to expanding its range of innovative solutions to address the needs of Independent Financial Advisers (‘IFAs’). BNP Paribas is developing a comprehensive and coordinated offering for IFAs through a combination of expertise and products from four businesses:

BNP Paribas Securities Services, Europe’s leading securities services provider, offers an independent wealth and retirement solutions platform for advisers and distributors -Wealth Manager Solutions. The solution offers access to UK listed equities, investment trusts, investment funds, a range of tax wrappers, online valuations and integrated advisers’ tools. The platform allows advisers to focus on their core competencies and, at the same time, offer clients a wide range of products and solutions from providers, including BNP Paribas.

Fund solutions can be accessed through BNP Paribas Investment Partners, the asset management arm of BNP Paribas. These include traditional investment funds under the Parvest brand, (BNP Paribas Investment Partners’ flagship umbrella fund) and a full range of multi-manager solutions available through FundQuest UK (formerly IMS UK). These investment solutions are distributed both by IFAs and also as white-label offerings for advisers and insurance/pension companies. BNP Paribas Investment Partners is one of Europe’s largest asset managers.

Cardif Pinnacle, which is a subsidiary of BNP Paribas Assurance (the insurance arm of BNP Paribas) provides tax-efficient cash based investments products, which are suitable for the short to medium term, through a combination of service excellence and innovation.

Protected product solutions for IFAs are sold under the Privalto brand, which is a range of FSA-regulated OEIC funds with capital protection, specifically targeted at UK advisers and planners. The range benefits from the expertise of the Bank’s award-winning equities and derivatives business. BNP Paribas also offers a range of listed protected products and tactical market timing solutions for discretionary managers and multi-managers through Harewood Solutions.

Ludovic de Montille, Head of Territory for BNP Paribas in the UK said “In today’s uncertain markets, financial advisers are looking for strong partners that can deliver new answers to address their needs. BNP Paribas has developed a range of specialised solutions tailored for UK advisers that it will expand over the coming years. Making a strategic commitment to this market is the first step on our growth path.”

For further details, please consult the UK IFA website: www.ifa.bnpparibas.co.uk

About BNP Paribas

BNP Paribas (www.bnpparibas.com) is a European leader in global banking and financial services and is one of the 3 strongest banks in the world according to Standard & Poor’s. The group is present in 85 countries, with more than 171,000 employees, including 131.000 in Europe. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business lines, the bank’s two domestic markets in retail banking are France and Italy. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.

Press contacts:

Shani Halstead, Corporate Communications, London +44 (0)20 7595 2436
shani.halstead@uk.bnpparibas.com
Ilias Catsaros, Corporate Communications, London +44 (0) 207 595 2215
ilias.catsaros@uk.bnpparibas.com

London / Paris - Sundaram Business Services (‘SBS’) and BNP Paribas Securities Services are pleased to announce that they have signed a joint-venture agreement to provide securities services in India. The new joint-venture will be called Sundaram BNP Paribas Securities Services.

The joint venture, which is 49 per cent owned by BNP Paribas Securities Services and 51 per cent owned by SBS, adds to the existing strategic partnership between the two groups established in 2005. This securities services joint-venture brings together BNP Paribas Securities Services global expertise and technology, with SBS’s local expertise and knowledge.

Sundaram BNP Paribas Securities Services will be headquartered in Chennai and will be dedicated to providing a full range of securities services, including fund accounting and transfer agency to both domestic and off-shore investors in India. In addition, BNP Paribas Securities Services will be the privileged provider of banking services to the new entity, further strengthening the offer. Subject to relevant regulatory approvals, the transaction is expected to be completed in the first quarter of 2009.

BNP Paribas Securities Services is well-positioned to become one of the key players in the fastexpanding Indian asset servicing market and is committed to its expansion into new markets and ensuring its clients have access to high quality services worldwide. This is another step in the Bank’s strategy to have a presence in all major Asian markets, thereby completing the global operating model with on-the-ground presence in the US, Europe and Asia. The BNP Paribas Group views the Indian market as one of the most exciting and rapidly developing markets in the world with substantial growth potential.

SBS is the business process outsourcing (‘BPO’) arm of Sundaram Finance, engaged in providing transaction processing services primarily to the financial services industry. SBS, which has over 2000 employees in India, provides accounting services, auto & consumer loans, deposits and insurance related processing, accounts payable and payroll processing services. SBS has a strong presence in the domestic BPO market in the banking, financial services and insurance verticals.

On the overseas front, SBS has, in the last few years, established a strong client base in Australia, where it provides back office support in the areas of accounting and compliance and administration of self-managed superannuation funds. In addition to continuing to focus on the Australian BPO market, SBS is also expanding its presence in the UK, Singapore and the Middle East.

About BNP Paribas

BNP Paribas (www.bnpparibas.com) is a European leader in global banking and financial services and is one of the 3 strongest banks in the world according to Standard & Poor’s. The group is present in over 85 countries, with more than 168,000 employees, including 129,500 in Europe. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business lines, the bank’s two domestic markets in retail banking are France and Italy. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.

About BNP Paribas Securities Services

As a wholly owned subsidiary of BNP Paribas, BNP Paribas Securities Services (www.securities.bnpparibas.com) is the world’s highest rated custody bank (Standard & Poor’s AA+). With €3.6 trillion assets under custody, €744 billion assets under administration and close to 6,000 funds administered, BNP Paribas Securities Services is the eurozone’s leading securities services provider and rated number 5 in the world. BNP Paribas Securities Services has a unique multi-local model, servicing both the buy-side and sell-side with 5,600 employees worldwide, a local presence across 25 countries and global coverage of 100 markets.

About Sundaram Finance

Sundaram Finance (SFL) with over five decades in the financial services space, is one of the largest retail financial services players in India with assets exceeding Rs. 8,400 crores. In addition to vehicle financing, the SFL group offers a broad spectrum of financial products to its retail customers, including home loans, mutual funds, and general insurance products. SFL and its financial products distribution arm have a nationwide network of over 425 branches and a team of more than 3500 people. SFL also has a presence in the Information Technology business through its subsidiary.

Press contacts:

Celine Castex, Group Communications, Paris +33(0)1 42 98 15 91
celine.castex@bnpparibas.com
Shani Halstead, Corporate Communications, London +44 (0)20 7595 2436
shani.halstead@uk.bnpparibas.com

London / Paris - BNP Paribas Securities Services (‘BNP Paribas’) is pleased to announce the appointment of Barnaby Nelson, Head of Business Development, Asia. Barnaby is based in Hong Kong and covers Asia, reporting to Margaret Harwood-Jones globally and locally to Bruno Campenon as Head of BNP Paribas Securities Services, Hong Kong.

Barnaby has had an extensive and varied career with Reuters since 2001, most recently at Reuters Pricing and Data where he was a business owner. There he launched and led Reuters’ Asian reference data business. Previous to this role, his experience has ranged from sales in the Benelux region to establishing a new, central business unit to manage strategic alliances and partnerships for Reuters DataScope, Europe. He has wide-ranging knowledge across both asset management and asset servicing.

Over the past 18 months, BNP Paribas has opened new offices in Bahrain, Singapore, Poland and Hungary. It is looking to expand further within these geographies and to extend into other new regions such as South America and North Africa. The Singapore office, which opened just over a year ago, will be a full-service location, offering clients in the region its entire portfolio of post-trade solutions, including global and local custody, fund services, treasury and liquidity services and corporate trust services, while the Hong Kong office will provide local custody and clearing.

Margaret Harwood-Jones, Head of Client Segment - Institutional Investors, BNP Paribas added: “Barnaby is BNP Paribas’ first senior business development appointment in the Asian region, which is a strategic new location for the Bank. With Barnaby’s dynamism and breadth of experience, we are excited that he has chosen to head our growth aspirations in the region, bringing us closer to our Asian clients.”

About BNP Paribas

BNP Paribas (www.bnpparibas.com) is a European leader in global banking and financial services and is one of the 3 strongest banks in the world according to Standard & Poor’s. The group is present in over 85 countries, with more than 168,000 employees, including 129,500 in Europe. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business lines, the bank’s two domestic markets in retail banking are France and Italy. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.

About BNP Paribas Securities Services

As a wholly owned subsidiary of BNP Paribas, BNP Paribas Securities Services (www.securities.bnpparibas.com) is the world’s highest rated custody bank (Standard & Poor’s AA+). With €3.6 trillion assets under custody, €739 billion assets under administration and close to 6,000 funds administered*, BNP Paribas Securities Services is the eurozone’s leading securities services provider.
Operating across the investment cycle, the Bank has a local presence across 25 countries and global coverage of over 100 markets, offering a one-stop shop for all asset classes, both onshore and offshore, across the globe.

Press contacts:

Celine Castex, Group Communications, Paris +33(0)1 42 98 15 91
celine.castex@bnpparibas.com
Shani Halstead, Corporate Communications, London +44 (0)20 7595 2436
shani.halstead@uk.bnpparibas.com

London / Paris - BNP Paribas Securities Services ('BNP Paribas') is pleased to announce the latest developments in the Bank's post-trade support on Multilateral Trading Facilities ('MTFs'). In the wake of MiFID and the code-of-conduct, BNP Paribas has been taking important steps to offer its products and services in conjunction with these important new trading venues and exchanges. BNP Paribas is now live and signing new clients to provide clearing and settlement on the following exchanges: Chi-X, Turquoise, Nasdaq OMX, SmartPool, Equiduct Trading and BATS Trading.

BNP Paribas has put together a dedicated team to migrate its clients onto any of the current or future MTFs. Through its ClearSuite solution, the Bank set-out a strategy aligned to working with the new MTFs and the Central Counterparties ('CCPs') to address the different needs of both the buyside trading participants as well as the sell-side. Our hybrid model enables buy-side clients to trade directly with the MTFs, at the same time we offer GCM services on the CCP to sell-side clients.

Alan Cameron, Head of Clearing, Settlement & Custody Client Solutions at BNP Paribas added: "Our ClearSuite product offers clients access to more exchanges, MTFs, CCPs and CSDs. It is a compelling proposition for clients facing fragmenting markets. Agent banks, such as BNP Paribas, have a key role to play in helping clients through this complicated infrastructure. This is important if Europe's capital markets are to compete globally."

About BNP Paribas

BNP Paribas (www.bnpparibas.com) is a European leader in global banking and financial services and is one of the 3 strongest banks in the world according to Standard & Poor's. The group is present in over 85 countries, with more than 168,000 employees, including 129,500 in Europe. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business lines, the bank's two domestic markets in retail banking are France and Italy. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.

About BNP Paribas Securities Services

As a wholly owned subsidiary of BNP Paribas, BNP Paribas Securities Services (www.securities.bnpparibas.com) is the world's highest rated custody bank (Standard & Poor's AA+). With Euro3.6 trillion assets under custody, Euro744 billion assets under administration and close to 6,000 funds administered, BNP Paribas Securities Services is the eurozone's leading securities services provider and rated number 5 in the world.
BNP Paribas Securities Services has a unique multi-local model, servicing both the buy-side and sell-side with 5,600 employees worldwide, a local presence across 25 countries and global coverage of 100 markets.

Press contacts:

Celine Castex, Group Communications, Paris +33(0)1 42 98 15 91
celine.castex@bnpparibas.com
Shani Halstead, Corporate Communications, London +44 (0)20 7595 2436
shani.halstead@uk.bnpparibas.com

London / Paris - BNP Paribas Securities Services (‘BNP Paribas’) is pleased to announce the global launch of NeoLink, its new portal giving clients access to all subscribed services.

From NeoLink’s homepage clients can instantly access all reporting applications and online transactions related to custody, cash, transfer agent, fund administration, middle office, investment compliance and trustee services. Recognising the need for intelligently leveraged information, that needs to be quickly and easily compiled, BNP Paribas harnessed the global strengths of the BNP Paribas Group to develop this fully integrated, modern portal.

Frederic Perard, Global Head of Fund Services Product added: “NeoLink offers our clients significant enhancements and takes the Bank’s on-line services a step further by offering clients a range of value-added services that include the ability to manipulate data for analysis and reporting preferences. This development gives even more depth to BNP Paribas’ client offering, confirming the Bank as a one-stop-shop with a truly unrivalled array of products and services which allows us to partner our clients in their growth ambitions”.

About BNP Paribas

BNP Paribas (www.bnpparibas.com) is a European leader in global banking and financial services and is one of the 3 strongest banks in the world according to Standard & Poor’s. The group is present in over 85 countries, with more than 168,000 employees, including 129,500 in Europe. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business lines, the bank’s two domestic markets in retail banking are France and Italy. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.

About BNP Paribas Securities Services

As a wholly owned subsidiary of BNP Paribas, BNP Paribas Securities Services (www.securities.bnpparibas.com) is the world’s highest rated custody bank (Standard & Poor’s AA+). With €3.6 trillion assets under custody, €744 billion assets under administration and close to 6,000 funds administered, BNP Paribas Securities Services is the eurozone’s leading securities services provider and rated number 5 in the world.
BNP Paribas Securities Services has a unique multi-local model, servicing both the buy-side and sell-side with 5,600 employees worldwide, a local presence across 25 countries and global coverage of 100 markets.

Press contacts:

Celine Castex, Group Communications, Paris +33(0)1 42 98 15 91
celine.castex@bnpparibas.com
Shani Halstead, Corporate Communications, London +44 (0)20 7595 2436
shani.halstead@uk.bnpparibas.com

London / Paris - BNP Paribas Securities Services (‘BNP Paribas’), has signed an agreement with A Plus Finance to act as depo-bank, transfer agent, registrar, custodian and fund administrator. BNP Paribas was the first choice for A Plus Finance as the Bank has the highest credit rating of any custodian and has the strength of one of the largest banking groups in the world. These factors coupled with its expertise in private equity and breadth of services made BNP Paribas the best solution for its growth ambitions.

Set up in 1998, A Plus Finance is an asset management company specialising in private equity and the management of innovation mutual funds (‘FCPI’) and local investment funds (‘FIP’). It has €230 million of assets under management through 15 funds.

About BNP Paribas

BNP Paribas (www.bnpparibas.com) is a European leader in global banking and financial services and is one of the 4 strongest banks in the world according to Standard & Poor’s. The group is present in over 85 countries, with more than 168,000 employees, including 129,500 in Europe. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business lines, the bank’s two domestic markets in retail banking are France and Italy. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.

About BNP Paribas Securities Services

BNP Paribas Securities Services (www.securities.bnpparibas.com) is a wholly-owned subsidiary of BNP Paribas. With €3.6 trillion assets under custody, €744 billion assets under administration and close to 6,000 funds administered, BNP Paribas Securities Services is the leading European provider of securities services and rated number 5 in the world.
BNP Paribas Securities Services has a unique multi-local model, servicing both the buy-side and sell-side with 5,600 employees worldwide, a local presence across 25 countries and global coverage of 92 markets.

Press contacts:

Celine Castex, Group Communications, Paris +33(0)1 42 98 15 91
celine.castex@bnpparibas.com
Shani Halstead, Corporate Communications, London +44 (0)20 7595 2436
shani.halstead@uk.bnpparibas.com

Paris / London - Fidelity has chosen BNP Paribas Securities Services (‘BNP Paribas’) as the sole custodian, depo-bank and fund administrator for its new range of employee savings plan funds in France.

This mandate strengthens BNP Paribas’ longstanding relationship with Fidelity, which has been established for over ten years. BNP Paribas already administers over 400 similar employee savings plans representing over EUR 20 bn of assets already under administration, making it a perfect fit for Fidelity’s business needs. This new mandate again reinforces the Bank’s strategy to assist with the growing needs of pension funds and the retirement and savings sector in France and across Europe.

Notes to editors
About BNP Paribas

BNP Paribas (www.bnpparibas.com) is a European leader in global banking and financial services and is one of the 4 strongest banks in the world according to Standard & Poor’s. The group is present in over 85 countries, with more than 168,000 employees, including 129,500 in Europe. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business lines, the bank’s two domestic markets in retail banking are France and Italy. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.

About BNP Paribas Securities Services

BNP Paribas Securities Services (www.securities.bnpparibas.com) is a wholly-owned subsidiary of BNP Paribas. With €3.6 trillion assets under custody, €744 billion assets under administration and close to 6,000 funds administered, BNP Paribas Securities Services is the leading European provider of securities services and rated number 5 in the world.
BNP Paribas Securities Services has a unique multi-local model, servicing both the buy-side and sell-side with 5,600 employees worldwide, a local presence across 25 countries and global coverage of 92 markets.

Press contacts:

Celine Castex, Group Communications, Paris +33(0)1 42 98 15 91
celine.castex@bnpparibas.com
Shani Halstead, Corporate Communications, London +44 (0)20 7595 2436
shani.halstead@uk.bnpparibas.com

BNP Paribas Securities Services is the first Depotbank that has been rated by Telos/Kommalpha with a rating of -1 (excellent)

BNP Paribas Securities Services is the first Depotbank in Germany that is rated with clearly defined quality criteria. The rating of the companies Telos GmbH and Kommalpha Institutional Consulting certifies BNP Paribas Securities Services an excellent Depotbank with grade 1-.

The institutional business for insurers, pension funds, foundations and financial service providers has been tested in detail. Structured in Coverage, Settlement & Custody, Funds-Services, Reporting, IT and Sales all steps and processes were analysed and assessed. Telos underlines in the final documentation BNP Paribas Securities Services as leading European provider in their business.

Gerald Noltsch, General Manager BNP Paribas Securities Services in Germany says: "It means a lot to us, that a meaningful Depotbank-Rating helps our clients to differentiate the performance characteristics. The stability and efficiency of our processes is one of the most important issues for our clients. We'll continue to work on our role as one of the leading Depotbanks in Europe".

The complete Rating-Report is online at the homepages of Telos and Kommalpha. Telos became firmly established in the recent years as Rating-Agency of Master-KAG, Asset Managers and Funds. In cooperation with Kommalpha, they have broadened their services with the new Depotbank-Rating.

About BNP Paribas

BNP Paribas (www.bnpparibas.com) is a European leader in global banking and financial services and is one of the 4 strongest banks in the world according to Standard & Poor's. The group is present in over 85 countries, with more than 168,000 employees, including 129,500 in Europe. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business lines, the bank's two domestic markets in retail banking are France and Italy. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.

About BNP Paribas Securities Services

BNP Paribas Securities Services (www.securities.bnpparibas.com) is a wholly-owned subsidiary of BNP Paribas. With Euro3.6 trillion assets under custody, Euro744 billion assets under administration and close to 6,000 funds administered, BNP Paribas Securities Services is the leading European provider of securities services and rated number 5 in the world.
BNP Paribas Securities Services has a unique multi-local model, servicing both the buy-side and sell-side with 5,600 employees worldwide, a local presence across 25 countries and global coverage of 92 markets.

Press contacts:

Dirk-Michael Mitter, Corporate Communications, Frankfurt +49 69 7193 6667
michael.mitter@bnpparibas.com
Shani Halstead, Corporate Communications, London +44 (0)20 7595 2436
shani.halstead@uk.bnpparibas.com

BNP Paribas Securities Services (‘BNP Paribas’), the custody bank with the world’s best credit rating, has been selected by European Multilateral Clearing Facility N.V. ( EMCF) for its settlement outsourcing in Italy and Spain.

EMCF, a wholly-owned Fortis subsidiary, is an independent central counterparty clearing house offering central counterparty services for equity trading on exchanges and multilateral trading facilities (MTF). BNP Paribas’ solution will allow underlying EMCF clients to trade Italian and Spanish securities on multiple MTF platforms.

In Italy, BNP Paribas will act as account operator for EMCF, while in Spain, all registration processing will be outsourced to BNP Paribas, where the Bank will also act as Settlement Agent.

Jan Booij, CEO of EMCF commented: “The in-depth market knowledge and experience of the Milan and Madrid teams, in combination with a competitive service tariff and the high internationally acknowledged service rating, have convinced us to select BNP Paribas Securities Services as our settlement service provider for Italian and Spanish stocks.”

Alessandro Gioffreda, global head of clearing settlement and custody product, BNP Paribas Securities Services added: “We are delighted to be partnering EMCF in both Italy and Spain. Central counterparties are an important client segment for BNP Paribas Securities Services and EMCF an outstanding player in this segment. We are wholly committed to developing partnerships and solutions to open up new investment platforms and to reinforce our position as a solution provider to infrastructures.”

About BNP Paribas

BNP Paribas (www.bnpparibas.com) is a European leader in global banking and financial services and is one of the 4 strongest banks in the world according to Standard & Poor’s. The group is present in over 85 countries, with more than 168,000 employees, including 129,500 in Europe. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business lines, the bank’s two domestic markets in retail banking are France and Italy. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.

About BNP Paribas Securities Services

BNP Paribas Securities Services (www.securities.bnpparibas.com) is a wholly-owned subsidiary of BNP Paribas. With €3.6 trillion assets under custody, €744 billion assets under administration and close to 6,000 funds administered, BNP Paribas Securities Services is the leading European provider of securities services and rated number 5 in the world.
BNP Paribas Securities Services has a unique multi-local model, servicing both the buy-side and sell-side with 5,600 employees worldwide, a local presence across 25 countries and global coverage of 92 markets.

Press contacts:

Celine Castex, Group Communications, Paris +33(0)1 42 98 15 91
celine.castex@bnpparibas.com
Shani Halstead, Corporate Communications, London +44 (0)20 7595 2436
shani.halstead@uk.bnpparibas.com

London - BNP Paribas Securities Services (‘BNP Paribas’) is pleased to announce the appointment of Alan Cameron as the new head of clearing, settlement & custody (CSC) client solutions. Alan will join the bank in October, based in London and will report to Charles Cock, global head of coverage and client solutions.

Alan joins from Citibank where he spent nearly 20 years and was most recently director of business development for direct clearing and custody. He also held other key positions, including head of financial institutions relationship management and head of Asian global clearing.

Commenting on his appointment, Charles Cock said: "BNP Paribas is committed to maintaining its well established leadership position in clearing, settlement and custody and to growing its product offering. We look forward to welcoming Alan who brings extensive knowledge and expertise to this key business area. Alan's appointment reinforces the bank’s ambition to accompany its clients in their growth aspirations by delivering comprehensive clearing, settlement and custody solutions."

Notes to editors
About BNP Paribas

BNP Paribas (www.bnpparibas.com) is a European leader in global banking and financial services and is one of the 4 strongest banks in the world according to Standard & Poor’s. The group is present in over 85 countries, with more than 168,000 employees, including 129,500 in Europe. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business lines, the bank’s two domestic markets in retail banking are France and Italy. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.

About BNP Paribas Securities Services

BNP Paribas Securities Services (www.securities.bnpparibas.com) is a wholly-owned subsidiary of BNP Paribas. With €3.6 trillion assets under custody, €739 billion assets under administration and close to 6,000 funds administered, BNP Paribas Securities Services is the leading European provider of securities services and rated number 5 in the world.
BNP Paribas Securities Services has a unique multi-local model, servicing both the buy-side and sell-side with 5,600 employees worldwide, a local presence across 25 countries and global coverage of 92 markets.

Press contacts:

Celine Castex, Group Communications, Paris +33(0)1 42 98 15 91
celine.castex@bnpparibas.com
Shani Halstead, Corporate Communications, London +44 (0)20 7595 2436
shani.halstead@uk.bnpparibas.com

London / Paris / Istanbul - BNP Paribas Securities Services is pleased to announce that WestLB AG has appointed TEB Securities Services, Istanbul to provide local clearing and custody services for their wholesale and proprietary businesses in Turkey.

TEB Securities Services was formed in December 2007 combining the strengths of BNP Paribas Securities Services, Europe’s leading securities services provider, with TEB, a leading and fast growing bank in Turkey, and has been offering asset servicing solutions to the Turkish market since 1991. TEB Financial Investments, the parent of TEB Bank, is a 50:50 joint venture between BNP Paribas Group and Çolakoglu Group, which is one of the largest Turkish conglomerates. BNP Paribas has a long-standing relationship with WestLB AG, acting as the Bank’s sub-custodian in 19 countries across Europe.

Nelson Fernandes, head of TEB Securities Services commented: “We are delighted to have been chosen to support WestLB AG’s business in Turkey. This mandate is an integral step forward in becoming the leading sub-custodian and service provider in the Turkish market. We believe that our service strengths such as our extensive tax expertise and high quality operating capabilities were key factors in winning this mandate. We look forward to continuing to build this important relationship with WestLB AG, providing the service solutions for their investment strategy.”

Notes to editors
About BNP Paribas

BNP Paribas (www.bnpparibas.com) is a European leader in global banking and financial services and is one of the 4 strongest banks in the world according to Standard & Poor’s. The group is present in over 85 countries, with more than 168,000 employees, including 129,500 in Europe. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business lines, the bank’s two domestic markets in retail banking are France and Italy. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.

About BNP Paribas Securities Services

BNP Paribas Securities Services (www.securities.bnpparibas.com) is a wholly-owned subsidiary of BNP Paribas. With €3.6 trillion assets under custody, €739 billion assets under administration and close to 6,000 funds administered, BNP Paribas Securities Services is the leading European provider of securities services and rated number 5 in the world.
BNP Paribas Securities Services has a unique multi-local model, servicing both the buy-side and sell-side with 5,400 employees worldwide, a local presence across 25 countries and global coverage of 92 markets.

About TÜRK EKONOMİ BANKASI (TEB)

Established in 1927, Türk Ekonomi Bankası (TEB) is one of the oldest and trustworthed actors in the Turkish finance sector, specialised in foreign trade, corporate, investment and private banking. Since its establishment, TEB, with its expanded network of branches and a diversified range of products and services, pursues operating in various fields of the banking sector as investment, leasing, factoring and portfolio management. Türk Ekonomi Bankası is one of the highest-rated banks in its category in Turkey.

TEB Mali Yatirimlar A.Ş., which owns 84.25% of Türk Ekonomi Bankası that went public in February 2000, signed a strategic partnership deal in 2005 with BNP Paribas. In the wake of its partnership with BNP Paribas, TEB carries its expertise in foreign trade, corporate, commercial and private banking over into the fields of retail banking and banking for small and medium-sized businesses. The number of TEB branches, which was 87 by the end of 2004, is near 300 as of today. In 2007, partnerships have been established between TEB and BNP Paribas’ subsidiaries: Cetelem (consumer credit), Arval (long-term management of cars and light trucks) and UCB (mortgage financing).

The first outcome of TEB’s partnership with BNP Paribas manifests itself in the international outlook it offers its customers by providing them with consultancy and banking support in foreign trade by means of the Trade Centers opened in Istanbul, Ankara, Izmir and Adana in Turkey to join a network of 85 other Trade Centers throughout the world. With this partnership, TEB has also begun to establish Turkey Desks in countries where Turkish entrepreneurs operate extensively.

Contact www.teb.com.tr for more information.

About TEB Securities Services

TEB Securities Services, formed by TEB and BNP Paribas Securities Services in December 2007, combines the strengths of Europe’s leading securities services provider with a leading and fast growing bank in Turkey.

TEB Securities Services offers clients local custody and clearing services, including comprehensive cash management products and extensive treasury resources to help clients with their trading business.

TEB Securities Services has a unique access to TurkDEX, providing clients with a packaged Execution (TEB Treasury) clearing and reporting (TEB Securities Services) solution for all Turkish instrument types. At the same time, thanks to its local presence and trading abilities, TEB Securities Services’ offer includes bundled execution and clearing services for equities and fixed income instruments. Non-resident financial institutions can also benefit from cash clearing services offered by TEB and securities lending capabilities through BNP Paribas Securities Services London desk.

Press contacts:

Celine Castex, Group Communications, Paris +33(0)1 42 98 15 91
celine.castex@bnpparibas.com
Shani Halstead, Corporate Communications, London +44 (0)20 7595 2436
shani.halstead@uk.bnpparibas.com

Paris/London - BNP Paribas Securities Services (‘BNP Paribas’) today announces the successful completion of end-to-end testing with Turquoise, the Multilateral Trading Facility (MTF). When Turquoise is launched on 15 August 2008, BNP Paribas will offer clients full post-trade support through its status as a General Clearing Member (GCM) on European Central Counterparty Ltd (EuroCCP) – Turquoise’s Central Counterparty (CCP).

BNP Paribas will provide operational support in all the markets which will be covered by Turquoise. This is not new territory for BNP Paribas, having successfully enabled 14 clients to go live on Chi-X Europe Ltd (Chi-X) by providing post-trade support and acting as their GCM on European Multilateral Clearing Facility NV (EMCF) - Chi-X’s CCP.

Through a single connection, BNP Paribas’ broker dealer client base can use their GCM services on all the main European exchanges as well as the new MTFs. BNP Paribas’ clients also benefit from the same unique operational model for all existing and future CCPs. In addition, to protect their clients from the increase in margin calls arising from the additional MTFs, BNP Paribas has developed centralised margin call and collateral optimisation solutions.

These services form part of BNP Paribas Securities Services' ClearSuite^SM integrated clearing solution which was launched in September 2007. ClearSuite^SM provides innovative execution and post-trade solutions to BNP Paribas' broker dealer client base. This is another significant step in BNP Paribas’ strategy to become the ‘go-to’ provider of post trade support for Europe’s MTFs.

About BNP Paribas

BNP Paribas (www.bnpparibas.com) is a European leader in global banking and financial services and is one of the 4 strongest banks in the world according to Standard & Poor’s. The group is present in over 85 countries, with more than 168,000 employees, including 129,500 in Europe. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business lines, the bank’s two domestic markets in retail banking are France and Italy. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.

About BNP Paribas Securities Services

BNP Paribas Securities Services (www.securities.bnpparibas.com) is a wholly-owned subsidiary of BNP Paribas. With €3.6 trillion assets under custody, €744 billion assets under administration and close to 6,000 funds administered, BNP Paribas Securities Services is the leading European provider of securities services and rated number 5 in the world.
BNP Paribas Securities Services has a unique multi-local model, servicing both the buy-side and sell-side with 5,400 employees worldwide, a local presence across 25 countries and global coverage of 92 markets.

For further information on ClearSuite^SM please contact:

Press contacts
Shani Halstead, Corporate Communications, London +44 (0)20 7595 2436
shani.halstead@uk.bnpparibas.com
Celine Castex, Group Communications, Paris +33(0)1 42 98 15 91
celine.castex@bnpparibas.com

London/Paris - BNP Paribas Securities Services (‘BNP Paribas’), the custody bank with the world’s best credit rating, is pleased to announce the appointment of Julien Cuminet as head of global transfer agency (‘TA’) and retail, reporting to Philippe Ricard.

Julien has 12 years of financial services experience, working both in-house and as an external consultant. He has specialised in credit risk assessment, regulatory and governance issues and managing industrialisation projects. Julien joins BNP Paribas from Orga Consultants, where he was associate director, consulting on investment and retail banking practices.

Julien will be responsible for the coordination of the TA activity across all locations including 700 staff on four continents ensuring best practice across all locations, sharing of information and coordination of local TA activity with products and IT.

Commenting on his appointment, Philippe Ricard, head of Global Fund Services operations at BNP Paribas said: “We are delighted to welcome Julien, whose extensive risk, regulatory and project management experience will be an asset in this role. His breadth of knowledge and expertise will enable him to achieve the Bank’s objective of taking a more global approach to its TA activity, while also limiting risk, achieving economies of scale and maintaining the local specificities and assets.”

About BNP Paribas

BNP Paribas (www.bnpparibas.com) is a European leader in global banking and financial services and is one of the 4 strongest banks in the world according to Standard & Poor’s. The group is present in over 85 countries, with more than 168,000 employees, including 129,500 in Europe. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business lines, the bank’s two domestic markets in retail banking are France and Italy. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.

About BNP Paribas Securities Services

BNP Paribas Securities Services (www.securities.bnpparibas.com) is a wholly-owned subsidiary of BNP Paribas. With €3.6 trillion assets under custody, €744 billion assets under administration and close to 6,000 funds administered, BNP Paribas Securities Services is the leading European provider of securities services and rated number 5 in the world.
BNP Paribas Securities Services has a unique multi-local model, servicing both the buy-side and sell-side with 5,400 employees worldwide, a local presence across 25 countries and global coverage of 92 markets.

Press contacts

Celine Castex, Group Communications, Paris - Tel +33(0)1 42 98 15 91
celine.castex@bnpparibas.com
Shani Halstead, Corporate Communications, London - Tel: +44 (0)207 595 2436
shani.halstead@uk.bnpparibas.com

London/Paris - BNP Paribas Securities Services (‘BNP Paribas’), the custody bank with the world’s best credit rating, is pleased to announce the appointments of Valérie Nicaise as Head of the IRP Risk Measurement team and Sophie Bourgarel as Head of Business Projects at BNP Paribas Securities Services.

Valérie’s role is to develop the risk offer for clients, which includes value at risk, risk attribution, stress tests. She graduated from the ENSAE and began her career in 1996 at AGF working on statistics within the Human Resources Department. At the end of 1997, she joined the Asset Management subsidiary of AGF in the Reporting, Measurement and Performance Attribution department and became Head of the department in 2001. Then in 2004, she joined NATEXIS AM as Head of Reporting. In 2005, she became Head at NATIXIS Investor Servicing, the Asset servicing subsidiary from the group.

Sophie, graduated from the “Institut Supérieur de Gestion” of Paris, starting her career as a Management controller for Paribas bank in 1993 before moving to Paribas Asset Management’s middle office in 1997. She joined SG Asset Management in 2000 as a performance analyst and between 2003 and 2006, she was deputy to the Head of Marketing, followed by Head of Performance Analysis & Client Reporting between the end of 2006 and June 2008.

The Investment Reporting and Performance (IRP) team of BNP Paribas Securities Services group includes more than 200 staff worldwide. The team specialises in the measurement of risk "ex-ante", as well as the measurement and allocation of performance, offering high added value services to a wide range of management companies, pension funds, pension funds and insurance companies.

About BNP Paribas

BNP Paribas (www.bnpparibas.com) is a European leader in global banking and financial services and is one of the 4 strongest banks in the world according to Standard & Poor’s. The group is present in over 85 countries, with more than 168,000 employees, including 129,500 in Europe. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business lines, the bank’s two domestic markets in retail banking are France and Italy. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.

About BNP Paribas Securities Services

BNP Paribas Securities Services (www.securities.bnpparibas.com) is a wholly-owned subsidiary of BNP Paribas. With €3.6 trillion assets under custody, €744 billion assets under administration and close to 6,000 funds administered, BNP Paribas Securities Services is the leading European provider of securities services and rated number 5 in the world.
BNP Paribas Securities Services has a unique multi-local model, servicing both the buy-side and sell-side with 5,400 employees worldwide, a local presence across 25 countries and global coverage of 92 markets.

Press contacts

Celine Castex, Group Communications, Paris - Tel +33(0)1 42 98 15 91
celine.castex@bnpparibas.com
Shani Halstead, Corporate Communications, London - Tel: +44 (0)207 595 2436
shani.halstead@uk.bnpparibas.com

London/Paris - BNP Paribas and Natixis announce today the signature of a memorandum of agreement for the acquisition of a minority stake of 33. 4% in the capital of SLIB by BNP Paribas. The finalisation of the agreement is subject to the approval of regulatory authorities.

SLIB is currently a 100% subsidiary of Natixis, part of the ‘Services’ core business. A contractor referenced by Euronext and LCH Clearnet SA, the company specialises in securities services and offers its clients (mainly investment firms) solutions in negotiation, clearing, settlement and custody activities in France and abroad. SLIB publishes software and ASP (Application Service Provider) packages, supplying services of information management application and support engineering.

Alain Pochet, Head of Banking Operations for the securities services division of BNP Paribas, comments on the signature: “Cooperating with a strategic partner such as SLIB will enable us to expand our services range, particularly in the fields of back-office outsourcing to financial intermediaries and clearing risk management. This agreement also falls within the framework of the MiFID implementation and as such will adhere to the surrounding regulatory and operational challenges, a fact that will strengthen BNP Paribas’ position among the main suppliers of clearing services in contact with the new multilateral trading platforms.”

Philippe Dupuis, Executive Chairman, adds: “After many years of success, SLIB is today recognised as one of the major contractors of clearing and regulation, counting among its clients investment services providers in several European countries. This agreement enables us to strengthen our position in a full transfer market. It will contribute to enriching and creating new offers –from negotiation to portfolio management and account holding, to the advantage of the customers –and will boost international expansion. Indeed, our product offering is set to leverage the technological challenges that come with the implementation of European directives. It is an opportunity that will bring new commercial perspectives, positioning SLIB among the main reference contractors in Europe.”

For more information, please contact:

BNP Paribas Securities Services
Hélène Delannoy : +33 (0)1 40 14 65 14
helene.delannoy@bnpparibas.com

Natixis
Corinne Lavaud : + 33 (0)1 58 19 80 24
corinne.lavaud@natixis.fr

About BNP Paribas

BNP Paribas (www.bnpparibas.com) is a European leader in banking and financial services, and ranks among the world's top 15 banks by market capitalization. It has 150 000 employees, almost 120 000 of whom are based in Europe. The group occupies leading positions in three significant fields of activity: Corporate and Investment Banking, Asset Management & Services and Retail Banking. It is present in 85 countries and has a strong presence in all the key financial centres. Present throughout Europe, in all its business lines, France and Italy are its two domestic markets in retail banking. BNP Paribas enjoys a significant and growing presence in the United States and leading positions in Asia and in emerging markets.

About Natixis

Natixis, the “investments and projects bank” is the jointly held bank of Caisse d’Epargne and Banque Populaire in corporate and investment banking, asset management, private equity and private banking, financial services and receivables management. Backed by nearly 23,000 employees, with a net banking income of €7.2bn, it is a major player in its sector in Europe. Natixis holds leading positions in its businesses in France, Europe and worldwide: number 1 asset management bank in France with €584bn under management, number 1 in France for employee savings. Natixis enjoys expertise worldwide acknowledged in credit insurance (number 3 worldwide), private equity and structured financing (real estate, commodities, asset-backed finance and leverage finance).

<div class="newssize">
  <p><span class="sous_titre">London</span> -BNP Paribas Securities Services (BNP Paribas) is pleased to announce the<br>
  appointment of Luc Dawans as head of fund administration operations in Belgium.</p>
  <p> Luc joins BNP Paribas from RBC Dexia in Brussels, where he spent 5 years in the firm&rsquo;s<br>
    investment operations division, the last 2 as head of fund administration. His appointment
    reflects BNP Paribas&rsquo; commitment to continue investing in its Belgian operations and comes at a
    time of strong growth in its local fund administration activities - new services launched in
    Belgium in recent months include investment compliance monitoring and enhanced regulatory
    reporting for locally-domiciled funds.</p>
  <p> Luc will be responsible for ensuring operational excellence as well as driving the development of
    new service solutions as the Brussels office continues its expansion. He will report locally to
    Renaud Vandenplas, general manager of BNP Paribas Securities Services in Belgium, and
    functionally to Franck Dubois, chief operating officer of BNP Paribas Securities Services in
    Luxembourg.</p>
  <p> Commenting on the appointment, Renaud Vandenplas said: &quot;We are extremely pleased to have
    Luc lead our fund administration operations in Brussels. His experience and deep knowledge of
    the Belgian market will allow us to accelerate business development, further expand our service
    solutions for clients and take full advantage of the opportunities presented by future regulatory
    change.&rdquo;</p>
  <p><span class="sous_titre">For further information, please contact</span></p>
  <p>    Celeste Matta-Brown, Corporate Communications, London-Tel: +44 (0) 207 595 4653<br>
  Shani Halstead, Corporate Communications, London - Tel: +44 (0) 207 595 2436</p>
  <h1>  <span class="sous_titre">Notes to editors</span></h1>
  <p class="sous_titre"><strong> BNP Paribas Securities Services</strong></p>
  <p> BNP Paribas Securities Services is a leading securities services provider to the world&rsquo;s financial institutions, with a local presence in all key European markets as well as in the US and Australasia. With 4,200 dedicated staff in 18 countries, BNP Paribas Securities Services has over 700 clients, including 8 of the world&rsquo;s top 10 investment managers, and a global custody network covering 75 markets. It holds EUR 3.43 trillion of assets under custody (September 2006) and EUR 570 billion of assets under administration for over 4,400 funds world-wide. In 2005, BNP Paribas Securities Services processed over 27 million transactions.</p>
</div>

S'appuyant sur son expertise et celle de ses clients, BNP Paribas Securities Services y aborde les grands thèmes d'actualité dans un cadre privilégié et convivial.

Le Club Clients est biannuel. Des spécialistes - clients, consultants et membres de BNP Paribas Securities Services - éclairent les participants sur les défis et opportunités d'un marché en pleine évolution, notamment sur les plans opérationnels et réglementaires, présents et futurs.

La toute dernière édition du Club Clients, qui s'est déroulée le 20 novembre dernier, n'a pas failli à la règle. Parmi les sujets d'actualités, ont été traités : les nouveaux défis en matière de reporting client et réglementaire, la compréhension et le traitement des produits structurés et l'attribution de performance, les actifs alternatifs tels les OPCI et les principales grandes réformes françaises et européennes prévues en 2007.

Bernard Blaud, directeur commercial France de BNP Paribas Securities Services, souligne : "Le Club Clients est l'application concrète de notre devise « proche des clients, proche des marchés », fondement de notre différentiation et de notre valeur ajoutée".

A propos de BNP Paribas Securities Services

BNP Paribas Securities Services, société leader en matière de services Titres pour les institutions financières mondiales, dispose d'une présence locale sur les principaux marchés européens, aux Etats-Unis et en Australasie.
Avec 4,000 collaborateurs implantés dans 18 pays, BNP Paribas Securities Services sert plus de 700 clients, dont 8 des 10 premiers gestionnaires d'actifs mondiaux et offre un réseau de conservation globale couvrant plus de 75 marchés. BNP Paribas détient plus de 3250 milliards d'euros d'actifs en conservation (juin 2006), assure l'administration de 515 milliards d'euros d'actifs pour plus de 4000 fonds d'investissement mondiaux. En 2005, BNP Paribas Securities Services a traité plus de 27 millions de transactions.

Contact Presse

Hélène Delannoy : +33 (0)1 40 14 65 14
helene.delannoy@bnpparibas.com

Il a rejoint le groupe en août 2006 et reporte à Alan Dundon, responsable global de l’Administration de fonds et de la sous-traitance de middle-office.

Christophe Beelaerts apporte à BNP Paribas Securities Services sa forte expertise opérationnelle, ainsi que plusieurs expériences dans le développement de produits et la vente de services financiers. Il travaillait précédemment chez RBC Dexia Investor Services Bank SA au Luxembourg, en tant que gestionnaire produit de Fund Services pour l’Europe et l’Asie. Il a exercé au sein de cette entreprise les fonctions de responsable de l’Administration de fonds, responsable du marketing et des ventes, et enfin responsable des plans de stock options et d’épargne pour le compte de Dexia Fund Services Belgique. Au cours de ces cinq années chez Dexia, il a également joué un rôle clé dans la gestion de l’analyse du marché et le développement commercial sur le territoire belge.

Le poste qu’occupe désormais Christophe Beelaerts est centré sur le développement global de l’Administration de fonds et de la sous-traitance de middle-office, une plate-forme intégrée qui propose des services performants de gestion des transactions, de tenue des positions de middle-office, de comptabilité et de reporting.

Selon Alain Dundon, « l’arrivée de Christophe Beelaerts démontre la volonté de BNP Paribas Securities Services de développer son offre Global Fund Services en accueillant des professionnels de haut niveau, qui apporteront leur contribution à une démarche ambitieuse d’innovation produit et de croissance, en 2006 et au-delà ».
Christophe Beelaerts, de son côté, ajoute qu’il est « heureux d’intégrer BNP Paribas Securities Services, un acteur important dans les services d’Administration de fonds et de sous-traitance de middle-office en Europe, et de pouvoir contribuer par son expertise des Fund Services au développement de l’entreprise sur des marchés régionaux en croissance. »

A propos de BNP Paribas Securities Services

BNP Paribas Securities Services, société leader en matière de services Titres pour les institutions financières mondiales, dispose d’une présence locale sur les principaux marchés européens, aux Etats-Unis et en Australasie. Avec 3955 collaborateurs implantés dans 18 pays, BNP Paribas Securities Services sert plus de 700 clients, dont 8 des 10 premiers gestionnaires d’actifs mondiaux et offre un réseau de conservation globale couvrant plus de 75 marchés.
BNP Paribas détient plus de 3250 milliards d’euros d’actifs en conservation (juin 2006), assure l’administration de 510 milliards d’euros d’actifs pour plus de 4000 fonds d’investissement mondiaux. En 2005, BNP Paribas Securities Services a traité plus de 27 millions de transactions.

Contact Presse

Paris
Hélène Delannoy : +33 (0)1 40 14 65 14
helene.delannoy@bnpparibas.com

Bruxelles
Aude Cabanes : +32 2 518 08 14
aude.cabanes@bnpparibas.com

Cette opération a été réalisée par la mise en place d’un 4ème compartiment “Auto ABS Compartiment 2006-1” au sein du Fonds Commun de Créances “FCC Auto ABS”, géré par la société de gestion, France Titrisation.

BNP Paribas et HSBC France ont été mandatés comme Arrangeurs, Joint Lead Managers et Joint Bookrunners sur cette transaction.

La transaction, notée par Fitch, Moody’s et S&P, comprend deux tranches d’obligations (la Tranche A et la Tranche B) avec respectivement une durée de vie moyenne pondérée de 4,36 ans et de 6,2 ans et comprend une phase de rechargement de 3 ans. La Tranche A correspondant à 89,4% du montant total de l’émission est notée AAA/Aaa/AAA et a été émise à 0,11% au-dessus de l’Euribor 3 mois. La Tranche B, notée A/A2/A, a été émise à 0,25% au-dessus de l’Euribor 3 mois.

Contrairement aux précédentes opérations de titrisation du secteur automobile français exclusivement adossées à des contrats de prêts automobiles ou à des créances sur des concessionnaires, Auto ABS Compartiment 2006-1 renouvelle le paysage de la titrisation en France avec la première opération portant sur des contrats de LOA ou de crédit-bail automobile. Les obligations émises par le FCC sont en effet adossées à un portefeuille de créances de loyer et de valeur résiduelle issues de contrats de ce type octroyés par Crédipar à des particuliers et à des entreprises en France. Stéphane Derouvroy, Managing Director, responsable des Activités de Titrisation pour HSBC France, confirme que “la transaction de Banque PSA Finance a permis d’inaugurer une nouvelle classe d’actifs en France, et celle-ci donne clairement des opportunités à d’autres émetteurs, étant donnée l’importance du marché de la LOA et du crédit-bail en France.”

L’originalité de la transaction réside dans la mise en place d’une période de rechargement pendant laquelle Crédipar peut céder au FCC de nouvelles créances issues de trois catégories différentes de contrats de location (les contrats standards, les contrats packagés et les contrats avec options bonifiées) avec une complète flexibilité quant à leur niveau de valeur résiduelle ou à leurs proportions respectives dans le portefeuille titrisé. Thierry Daeschner, Senior Securitisation Structurer chez BNP Paribas Londres, explique : « cette flexibilité a été rendue possible grâce à la mise en place d’un mécanisme de rehaussement de crédit dynamique structuré au moyen d’un prix de cession différé. Le surdimensionnement ainsi créé permet d’ajuster le niveau de protection des investisseurs à la composition du portefeuille de créances titrisées. » Les créances de TVA associées aux contrats de location ont aussi été transférées au FCC dans le but d’optimiser le montant de financement obtenu.

Une analyse juridique approfondie a également été menée, notamment sur l’opposabilité des cessions des différentes créances naissant des contrats de location, afin de fournir le confort nécessaire aux agences de notation. Freshfields Bruckhaus Deringer Paris a conseillé les Arrangeurs et Banque PSA Finance sur la transaction.

La titrisation est une source de financement essentielle pour Banque PSA Finance et un retour dans le marché ABS était stratégique pour le groupe. Un tel retour a été réalisé grâce à une transaction innovante qui a permis à Banque PSA Finance de titriser ses créances de LOA et crédit-bail automobile pour la première fois.
« Grâce à Auto ABS Compartiment 2006-1, Banque PSA Finance a rempli ses objectifs en mettant en place une structure flexible, utilisant une nouvelle classe d’actifs qui représente une part significative de nos activités financières » commente Sylvie Rucar, Directeur Financement Trésorerie du groupe PSA Peugeot Citroën.

A propos de BNP Paribas

BNP Paribas (www.bnpparibas.com) est l'un des leaders européens des services bancaires et financiers et se classe parmi les 15 premières banques mondiales par la capitalisation boursière et le total de bilan. Il compte aujourd'hui plus de 140 000 collaborateurs, dont 110 000 en Europe. Le groupe détient des positions clés dans trois grands domaines d’activité : Banque de Financement et d’Investissement, Asset Management & Services et Banque de Détail. Il est présent dans 85 pays et est fortement implanté sur toutes les grandes places financières mondiales. Présent dans toute l’Europe, au travers de l'ensemble de ses métiers, la France et l'Italie sont ses deux marchés domestiques en banque de détail. BNP Paribas possède en outre une présence significative et en croissance aux Etats-Unis et des positions fortes en Asie et dans les pays émergents.

HSBC Holdings plc

HSBC Holdings plc dessert plus de 125 millions de clients dans le monde à travers quelques 9 500 implantations réparties dans 76 pays et territoires en Europe, dans la région Asie-Pacifique, en Amérique du Nord et du Sud, au Moyen-Orient et en Afrique. Avec 1 502 milliards USD d’actifs au 31 décembre 2005, HSBC est l’un des premiers groupes de services bancaires et financiers au monde. « Votre banque, partout dans le monde » est la signature publicitaire universelle de HSBC.

Contact Presse

BNP Paribas / Service Presse Paris
Hélène Regnard : +33 (0)1 40 14 65 14
helene.regnard@bnpparibas.com

HSBC France / Service Presse
Coralie Houel : +33 (0)1 40 70 35 33
coralie.houel@hsbc.fr