BNP Paribas’ Securities Services business has been appointed as the depositary bank of Banco Mediolanum’s Spanish investment vehicles, a press release said.
The integration represents a total volume of over €4.7 billion of assets under depositary across 10 investment funds and builds on an existing relationship with Mediolanum Group (the parent) in Europe, including securities services already provided in Ireland and Italy.
A date for completion of the operational migration was not given.
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Banco Mediolanum specialises in providing financial advice to retail clients throughout all stages of their life.
