BNP Paribas Securities launches local clearing and custody in India

BNP Paribas Securities services has launched its local clearing and custody service in India.

With thuis service, the bank’s clients  can benefit from local clearing and custody for a range of asset classes including cash equities and corporate debt instruments.

“We are delighted to announce the launch of our local clearing and custody service in India, and see this as another important step forward in our commitment to the region. We think India is one of the most exciting and dynamic markets in the world, and we are pleased to extend the same high quality service to both domestic and off-shore investors here, as we do in the rest of the world,” said  Pierre-Alexandre Thome, Head of BNP Paribas securities services.

The bank has a presence in more than 80 countries and more than 200,000 employees, including more than 160,000 in Europe.