BNP Paribas Securities Services has won a mandate to provide Sara Assicurazioni S.p.A. with global custody services for EUR 1.3 billion worth of Italian and foreign assets.
Sara Assicurazioni is an Italian life and general insurance company which is focused on servicing SMEs, professionals and traders.
Stefano Catanzaro, General Manager of BNP Paribas Securities Services Italy, said: “We are delighted Sara Assicurazioni has selected us as its global custodian. Sara Assicurazioni stands out for its transparency, quality and innovation of insurance products and is recognised as a leader in serving Italian families for over seventy years.
“Sara Assicurazioni will benefit from our global reach and local expertise, which will help them enhance operational efficiency and continue to grow their business.”
Alberto Tosti General Manager of Sara Assicurazioni, said: “Selecting BNP Paribas Securities Services as our global custodian is in line with our objective to continuously optimise our business processes. Partnering with a global player, which has deep local expertise, will ensure the management of our global custody activities is executed with the highest degree of efficiency and security.”