BNP Paribas’ Securities Services business, a leading global custodian with EUR 14.3 trillion in assets under custody1, today announces its mandate with BCC Risparmio & Previdenza S.G.R.p.A., the asset management company of the Iccrea Cooperative Banking Group, to provide an integrated suite of services covering EUR 8 billion in assets under administration, including the Aureo open-ended pension fund and Italian-domiciled UCITS funds.
Under this mandate, Securities Services at BNP Paribas provides BCC Risparmio & Previdenza with services including custody, fund accounting, transfer agency, middle office and OTC collateral management, in addition to the depositary bank services. The offerings also fit into BNP Paribas Group's integrated bank model, supporting SGR’s operational needs from custody to administration, and to investment banking through a single point of contact.
BCC Risparmio & Previdenza, the asset management arm of the BCC Iccrea Group, supports the Group in developing solutions in asset management and pension. The company manages approximately EUR 38 billion in assets.
Andrea Cattaneo, Head of Italy, Switzerland and Iberia, Securities Services, BNP Paribas, commented: “We are pleased to support BCC Risparmio & Previdenza, a key partner in the Italian asset management landscape and the cooperative banking sector. This mandate is a testament to the confidence placed in our ability to tailor our offering to the specific needs of each client to ensure operational efficiency. We appreciate the trust from the management team of BCC Rispamio & Previdenza, and we are proud of how our team has successfully delivered the onboarding services.”
Andrea Cecchini, Chief Executive Officer of BCC Risparmio & Previdenza S.G.R.p.A., commented: “Our range of products has grown significantly over time. We are delighted to sign this agreement with BNP Paribas. Leveraging its leading position in Europe, global operating model, and regulatory expertise, its Securities Services team has enabled us to guarantee high service quality to our BCC customers and provides us with complete assistance for our non-Italian law solutions. This also marks a new step for us to advance the quality of our products and to answer the evolving needs of our customers.”
