BNP Paribas’ Securities Services business, a leading global custodian with USD 17.5 trillion in assets under custody[1], today announces its mandate with Allianz UK to provide a wide range of asset services in the United Kingdom, including global custody, agency securities lending, auto foreign exchange, continuous linked settlement and cash services.
Allianz, a leading global insurance company, offers worldwide products and solutions, serving customers in nearly 70 countries. In the UK, Allianz is one of the largest general insurers and provides both personal and commercial insurance solutions.
Securities Services at BNP Paribas will assist Allianz in the UK, delivering specialised asset servicing expertise, and customised reporting solutions via BNP Paribas’ NeoLink client platform. By integrating the bank’s applications, other fintech services, artificial intelligence and omni-channel connectivity, NeoLink creates tailored dashboards and analytics, and facilitates more effective investment decision making.
The onboarding process has now been completed.
Ying Ye, Chief Investment Officer for Allianz UK, said: “We appointed BNP Paribas as the sole custodian bank for the UK investment accounts, and recently completed the onboarding process. BNP Paribas have been supportive throughout, and we look forward to a strong partnership.”
Arnaud Claudon, Head of Asset Managers and Asset Owners Client Lines, Securities Services, BNP Paribas, commented: “Our client-oriented service approach, coupled with our state-of-the-art NeoLink client portal, provides Allianz with the combined market expertise and technology-driven solutions they need to achieve operational excellence when managing their assets. Our trusted partnership with Allianz is already well-established in core markets such as Germany, Italy and Belgium. This new mandate in the UK reflects our strong capability in the EMEA region, as we continue to grow as a European global custodian of choice.”
