BNP Paribas will provide clearing, settlement, custody, stock lending and financing for the European equity business across Europe and North Africa.
Albert Maasland, head of international at Knight Capital Europe, says: “We chose to work with BNP Paribas because we believe our teams share a passion for high quality client service and can work together in a real partnership. The bank’s top-rated proprietary network in our main markets, real time risk modelling in liquidity management, and overall transparency were key factors in the decision process. Entering into a partnership with BNP Paribas represents another step in growing our European execution business.”
James McAleenan, head of the UK, BNP Paribas Securities Services, says: “We are proud to be working with Knight Capital Europe on such a large scale. This is an exciting project, with the potential to expand to further services and results from our global team’s hard work, expertise and dedication. It also reinforces our commitment to the UK market and highlights our status as a European leader in the custody business.”