SIX announced a partnership with Piraeus in the securities services area as the bank moves its international assets under custody (AuC) to SIX’s Global Custody Network. This new partnership with Piraeus Bank marks a significant step forward in strengthening the presence of SIX in Greece and in the broader region.
Javier Hernani, head of Securities Services and SIX Executive Board Member, said in a statement that SIX’s “individualized global market access, is designed to empower Piraeus Bank’s business functionality in all asset classes and scale of operation. Based on SIX’s multiplicity of connectivity patterns along with an enhanced multi-asset servicing model, and market-surveillance, SIX and Piraeus Bank join forces in a time of continuous industry change to ensure the highest level of performance for Piraeus Bank and its clients.”
Christos Megalou, CEO of Piraeus Financial Holdings said in a statement: “We are looking forward to this key agreement with SIX, an innovative global infrastructure. Together, we will leverage our combined strengths in the traditional and innovative securities services space. Our partnership will create value and bring more opportunities for both organizations. Joining forces with SIX will support our market expansion strategies and maximize value for our shareholders.”