BNP Paribas appointed global custodian by Protección
September 9, 2019

BNP Paribas Securities Services say it has been appointed as global custodian by Protección SA of Colombia and has successfully onboarded Protección's foreign portfolio of over US$7.5 billion in assets.

BNP Paribas Securities Services says this is a landmark mandate for it in the Hispanic LatAm market. Protección is one of the largest pension funds in Colombia with over $31 billion in assets. One of its main shareholders is SURA Asset Management, which is a subsidiary of SURA Group, one of the largest Latin American financial conglomerates.

Jose Luis Escobar, COO of Protección, commented: "We chose BNP Paribas as global custodian for our foreign assets because of its global network and ability to help us access overseas markets more efficiently."





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BNP Paribas Securities Services say it has been appointed as global custodian by Protección SA of Colombia and has successfully onboarded Protección's foreign portfolio of over US$7.5 billion in assets.

BNP Paribas Securities Services says this is a landmark mandate for it in the Hispanic LatAm market. Protección is one of the largest pension funds in Colombia with over $31 billion in assets. One of its main shareholders is SURA Asset Management, which is a subsidiary of SURA Group, one of the largest Latin American financial conglomerates.

Jose Luis Escobar, COO of Protección, commented: "We chose BNP Paribas as global custodian for our foreign assets because of its global network and ability to help us access overseas markets more efficiently."



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