Clearstream Adds BNP Paribas Securities Services as Local Sub-custodian in AU and NZ

Clearstream, Deutsche Börse's post-trade services provider, announced on Thursday that it has mandated BNP Paribas Securities Services to provide local sub-custody services in Australia and New Zealand.

The mandate further extends the relationship between Clearstream and BNP Paribas Securities Services, which already includes local clearing and custody across the Euronext and Turkish markets.

By adding BNP Paribas Securities Services as local sub-custodian, Clearstream will continue to provide services in Australia and New Zealand, as part of its international network, through which market participants have access to investment opportunities across 58 markets worldwide. 

Samuel Riley, Head of Investor Services & Financing at Clearstream, said: "We are delighted to partner with BNP Paribas Securities Services as our new sub-custodian in Australia and New Zealand. This important step further cements Clearstream's position in the APAC region to enable safe and efficient investment opportunities, driving the growth of the domestic capital markets. Together with our recently opened Clearstream Australia subsidiary, this new partnership gives us the best conditions to serve our local customers and international customers investing in this thriving region. We look forward to this joint undertaking."

Luc Renard, Head of Financial Intermediaries Client Line and Digital Transformation APAC at BNP Paribas Securities Services, commented: "We are delighted to expand our relationship with Clearstream in the Asia-Pacific region. The alignment between our firms' ambitions in Australia and New Zealand together with our innovative digital solutions will enable us to develop new custody models to meet our clients' changing needs in these innovative markets. We are looking forward to working with Clearstream in defining and delivering new initiatives."