BNP Paribas wins Canaccord Genuity mandate
Canaccord Genuity has picked BNP Paribas Securities Services to provide global clearing, settlement and foreign exchange services.
BNP Paribas, which already oversees nearly $9trn in assets under custody, will provide Canaccord with a single agent solution with access to clearing and settlement services over more than 100 markets.
Canaccord's capital markets arm offers investment banking and trading services to institutional investors.
The group also provides wealth management services, with more than $11bn in assets under administration.
BNP Paribas Securities Services now offers custody, settlement and back and middle office services to 25 major broker dealers in the UK market.
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