Euroclear Bank and BNP Paribas Securities Services have made an agreement that will enable their mutual clients to access a larger pool of collateral for triparty transactions. Clients will be able to use fixed-income and equity assets held with BNP Paribas Securities Services as collateral in triparty managed transactions at Euroclear Bank.

BNP Paribas Securities Services has opened new offices in Colombia and Chile and appointed local experts in the two markets. It extends the custody bank’s on-the-ground presence to 34 locations across the globe. This is part of the company's expansion strategy which includes a strong focus on Latin America.

Clearstream and BNP Paribas Securities Services have signed a letter of intent to intensify their cooperation on collateral management. BNP Paribas customers will be able to consolidate their collateral holdings, via Clearstream’s Global Liquidity Hub, to cover their global exposures from a single optimised collateral pool.

BNP Paribas Securities Services has appointed Claudine Gallagher as regional manager North America. Gallagher joins BNP Paribas from JPMorgan, where she was most recently a managing director in charge of the US bank’s American Depository Receipts business.

BNP Paribas Securities Services has implemented a mandate from Harvest Global Investments to launch an emerging market fund investing in Mongolia, making it the first global custodian to support foreign investments in this Asian frontier market.

BNP Paribas Securities Services will be expanding its hedge fund administration services for both UCITs and offshore funds. The investment programme aims to tailor its service to more closely match the key requirements of both start-up and established funds.

BNP Paribas has implemented Oracle Exadata Database Machine to manage electronic trading floor data in response to the volatility of 2011 for financial markets.

BNP Paribas Securities Services has appointed Nobuya Shida as head of securities services in Japan. Shida, with 26 years’ experience in the Japanese financial industry, has been appointed to grow BNP Paribas’ securities services business in Japan.

BNP Paribas Securities Services has won a new mandate to produce the Key Investor Information Document (KIID) for Duemme.