Convergex furthers BNP Paribas relationship

Convergex, an agency-focused global brokerage and trading related services provider, has decided to extend its relationship with BNP Paribas Securities Services. BNP Paribas Securities Services has provided Convergex with custody and settlement services in Greece, Poland, Turkey, and the UK since 2010. This mandate has now been extended to a further 22 countries across Europe and Asia.

Said Phil Gough, chief executive officer of Convergex Limited: “We have been working with BNP Paribas Securities Services for five years and have been impressed with the commitment shown by the teams. They have become a true partner, which was a critical factor in extending their existing mandate. In addition, their sophisticated settlement platform and global presence enable them to support our growth ambitions.”

Julien Kasparian, UK head of sales and relationship management for banks and brokers at BNP Paribas Securities Services, said: “We are delighted to be broadening the relationship we have with Convergex. This deal demonstrates the trust our existing clients have in our capabilities, the strength of our value proposition for custody and settlement and the depth of the products we offer our bank and broker partners. The fact we are extending the service we provide to Convergex to a further 22 countries, also demonstrates the importance of our extensive global network.”