BNP Paribas’ Securities Services business, a leading global custodian with EUR 14.9 trillion in assets under custody1, today announces the mandate with UniCredit Group (“UniCredit”) to provide custody and settlement services to its entities in Italy, Germany and Luxembourg.
UniCredit, a pan-European bank, delivers banking products and services to circa 15 million clients worldwide. As part of its group-wide optimisation, UniCredit launched its internalisation programme for its back-office activities for securities services in January 2025. BNP Paribas has been chosen to help standardising and optimising its operations across selected countries.
Through this agreement, Securities Services at BNP Paribas offers specialised services that are tailored to UniCredit S.p.A., UniCredit GmbH, and UniCredit International Bank S.A. for their settlement, custody and clearing needs. The service offering to these entities spans across different locations, including local and global custody in Italy, Germany and France, local custody in Spain and Poland.
The transnational nature of this mandate with UniCredit underscores the multi-local expertise of BNP Paribas’ Securities Services business and the unique strengths of its global operating model, solidifying its status as the premier European global custodian of choice for financial institutions.
Patrick Colle, Head of Securities Services and Chairman of Financial Institutions Coverage, BNP Paribas, commented: “We are very pleased to be appointed by UniCredit, with whom we share common values and a European heritage. Our strong European footprint and experience in supporting global financial institutions play a key part in this partnership. This mandate also showcases our multi-local expertise, leveraging our integrated banking model, longstanding proprietary network and culture of excellence.
“Together with our proven track record in large migration projects and multi-source technology integrations, we are uniquely qualified to help UniCredit consolidate, strengthen and harmonise its operational setup. We look forward to a long-term, trusted partnership, where we support UniCredit in achieving its future ambitions through our custody services and beyond.”
[1] As at 30 June 2025. Source: BNP Paribas’ Securities Services website
