EPPI, the Italian retirement scheme for the industrial sector, has renewed its contract with Securities Services, a business unit of BNP Paribas, to continue providing depositary bank services for its assets.
BNP Paribas shares that it was reselected through a tender process initiated in October 2023. The new contract is for four years, with the option to extend for an additional four years.
Andrea Cattaneo, head of Securities Services for Italy, Switzerland, and Iberia at BNP Paribas, highlights the significance of this renewal. He notes that the company has developed a tailored and flexible offering for pension funds and retirement schemes, which can adapt to regulatory changes and market demands.
