La banque d'un monde qui change 2004 - BNP Paribas

BNP ParibasSecurities servicesSigns of a market recovery later in the year wereconfirmed, with asset and transaction volumesrising and a noticeable growth in new businessopportunities.During 2004, BNP Paribas Securities Services tooka pro-active step to meet the challenges of ourrapidly evolving marketplace and restructured itsbusiness. Previously autonomous business lineswere merged to create four global transversalresponsibilities:• a unified Sales and Relationship Managementteam;• a central Product and Marketing team;• two main Operations Departments:Banking & Global Corporate Trust Operationsand Funds Services Operations.With this new organisation, BNP Paribas SecuritiesServices is well positioned for growth and valuecreation.Success in Italian pension fund sectorInarcassa, a pension fund for self-employedarchitects and engineers in Italy, appointedBNP Paribas Securities Services as globalcustodian of the fund’s assets in 2004.In addition to custody, BNP Paribas SecuritiesServices also provides a range of value-addedservices to Inarcassa such as fund accounting,performance measurement and investmentcompliance reporting. Following successesin the German pension fund sector in 2003,this mandate from a high-profile pensionfund in Italy confirms the ability ofBNP Paribas Securities Services to meetthe asset servicing requirements of majorpension funds across Europe.Relationship with Henderson GlobalInvestors further strengthenedDuring 2004, BNP Paribas SecuritiesServices further developed its relationshipwith UK-based Henderson Global Investors,a leading international investment managementcompany. In addition to being Henderson’sstrategic outsourcing partner of choice,BNP Paribas Securities Services wasawarded two significant mandates,becoming Henderson’s new transferagency supplier and custody providerof its entire UK collective range of products.This development demonstratesBNP Paribas Securities Services’commitment to the administrationand custody business in the UK.