Mizuho Financial Group selects BNP Paribas for custody and settlement services in Brazil

The Luxembourg subsidiary of Tokyo-based Mizuho Financial Group, Inc. (MHFG) has mandated BNP Paribas Securities Services as its sub-custodian and settlement agent in Brazil.

 

Mizuho Trust & Banking (Luxembourg) S.A., a specialist provider of asset servicing, custody, payments and treasury services, helps its institutional clients invest in a wealth of global markets. Parent company Mizuho Financial Group ranks among the world’s largest banking institutions, with segments including personal, retail, corporate and international banking.

 

“This is a significant mandate win, which demonstrates our strengths in Brazil. Mizuho was looking for a local sub-custodian to support their clients investing in the country and selected us for our extensive local expertise and tailored custody and FX solutions,” said Andrea Cattaneo, ‎Head of Brazil for BNP Paribas Securities Services.

 

BNP Paribas Securities Services is rapidly expanding in Latin America and currently offers local custody and clearing in Brazil, Colombia and Peru.