Private Banks

BNP Paribas and Deutsche Bank receive approvals on agreement regarding Global Prime Finance & Electronic Equities

BNP Paribas and Deutsche Bank have announced that the agreement to refer clients and to transfer technology and key staff from Deutsche Bank’s Global Prime Finance and Electronic Equities businesses to BNP Paribas has received the necessary approvals and is now unconditional.

The close collaboration between Deutsche Bank and BNP Paribas has allowed the achievement of what BNP Paribas has described as an “important milestone” in a press release. 

The banks’ have also credited their strong commitment to ensure a continuity of service to their global institutional clients as a key facilitator in the approval of the agreement.

BNP Paribas recently also announced their partnership with Allfunds, in which the two firms entered an agreement to create one of the world’s leading fund and WealthTech platforms.

The agreement has allowed BNP Paribas Securities Services, a leading global custodian and fund services provider, to use Allfunds as preferred access to the fund market, exploring together opportunities to enhance services to fund providers and financial institutions.