BNP Paribas gets Hong Kong custodian licence

The Hong Kong branch of BNP Paribas Securities Services has been granted a banking licence by the Hong Kong Monetary Authority. Bruno Campenon, Head of BNP Paribas Securities Services, described their new business plan as "the development of a unique custodian bank in the Hong Kong market."

This comes three weeks after being granted a banking licence in Singapore. By opening offices in multiple locations across the region, BNP Paribas Securities Services aims at providing its clients with the same solutions all around the world.

"We still have more steps to go but we are confident that we will be able to further support our clients' growth ambitions in this region and to give them access to our fully integrated and personalised clearing and custody solutions," Campenon said.