BNP Paribas visible on Isle of Man
12 June 2008

Written by Sophie Baker

BNP Paribas Securities Services (BNP Paribas) has opened premises in the Isle of Man.

The opening will bring all of BNP Paribas’ Isle of Man teams together in a dedicated office in Douglas, and the custody bank believes it will allow for a smooth transition to the BNP Paribas platforms later in the year.

BNP Paribas in the Isle of Man will offer mainstream as well as alternative funds, including corporate trust, settlement, custody, banking and treasury services. The office was officially opened by the Honourable Tony Brown MHK, the Isle of Man chief minister, and Michel Laurent, head of global network and strategy at BNP Paribas.

Commenting on the opening, Severine Mangin, CEO of BNP Paribas Securities Services UK offshore markets, said: “These new offices reflect our commitment to servicing our clients’ investment strategies where a presence both onshore and offshore is becoming increasingly key to success.”

Laurent added: “At BNP Paribas Securities Services the closer, the better is not only our motto, it is our philosophy. In all countries where we are present, which today totals 25 across the globe, we bring together local expertise and global systems. Representing our clients’ interest locally is key to our strategy to serve their investment strategies globally.”