Dutch independent wealth management group Van Lanschot Kempen awards two new mandates to BNP Paribas Securities Services.
The group’s asset management arm Kempen Capital Management awards BNPP the mandate for assets worth 6 billion euro. This contract features global custody, depositary bank, fund accounting, regulatory reporting, collateral management and FX services.
Additionally, 10 billion euro fall under a mandate that serves to consolidate a range of services across the wealth management and brokerage activities. According to a BNPP press release, this includes global custody, local custody and clearing services for cash equities and exchange traded derivatives.
Recent news from BNP Paribas Securities Services also include an announcement of its extension of its triparty collateral management service to synthetic securitisation and collateralised notes programmes.
If Dutch post trade interests you, note our news flow from last week’s PostTrade 360° Amsterdam 2021 conference.