BNP Paribas wins collateral access mandate from Aletti Gestielle SGR
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BNP Paribas wins collateral access mandate from Aletti Gestielle SGR 23 January 2018Milan Reporter: Jenna Lomax
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BNP Paribas Securities Services has won a collateral access mandate from Aletti Gestielle SGR (Aletti), an asset management firm based in Milan.
BNP Paribas, will provide collateral management, valuation and portfolio reconciliation services for over-the-counter derivatives for Aletti.
Francesco Betti, general manager of Aletti, commented: 鈥淔lexibility in designing a tailored operational model, local expertise and client service capabilities, together with a competitive fee structure and fast time to market, led us to choose BNP Paribas as our provider.鈥�
Stefano Catanzaro, general manager of BNP Paribas securities services, Italy, added: 鈥淲e are delighted to have won this mandate from Aletti Gestielle, one of the most important players in the Italian asset management space.鈥�
鈥淕estielle will use our full collateral access offer鈥攄esigned to meet new European Market Infrastructure Regulation requirements. We look forward to continuing to support them in their strategic business needs.鈥�
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