AIIB mandates BNPPSS
May 18, 2017

The Asian Infrastructure Investment Bank (AIIB) has awarded a global custodian mandate to BNP Paribas Securities Services as the new Beijing-based bank seeks to put in place internal financial infrastructures for its liquidity investments.

BNP Paribas is expected to have global custody of up to US$20 billion of AIIB assets and will provide a suite of services, with the agreement covering master custody services and other value-added services.

Thierry de Longuemar, AIIB Vice-President and Chief Financial Officer, said: "As a new multilateral financial institution, we are focused on building our trading capabilities to deliver infrastructure projects that will improve Asia's development. BNP Paribas demonstrated solid understanding of our needs and provides us with an integrated, global solution. We also observed a strong level of management commitment and a partnership approach that is aligned with our culture and values."

The agreement is set to be implemented in the third quarter of this year.





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The Asian Infrastructure Investment Bank (AIIB) has awarded a global custodian mandate to BNP Paribas Securities Services as the new Beijing-based bank seeks to put in place internal financial infrastructures for its liquidity investments.

BNP Paribas is expected to have global custody of up to US$20 billion of AIIB assets and will provide a suite of services, with the agreement covering master custody services and other value-added services.

Thierry de Longuemar, AIIB Vice-President and Chief Financial Officer, said: "As a new multilateral financial institution, we are focused on building our trading capabilities to deliver infrastructure projects that will improve Asia's development. BNP Paribas demonstrated solid understanding of our needs and provides us with an integrated, global solution. We also observed a strong level of management commitment and a partnership approach that is aligned with our culture and values."

The agreement is set to be implemented in the third quarter of this year.



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