BNP Paribas appointed by Banco Mediolanum鈥檚 depositary bank in Spain
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BNP Paribas appointed by Banco Mediolanum鈥檚 depositary bank in Spain 16 December 2025Spain Reporter: Tahlia Kraefft
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BNP Paribas鈥� Securities Services business has formed an agreement with Banco Mediolanum to become the new depositary bank for Banco Mediolanum in Spain, representing a total volume of over 鈧�4.7 billion assets under depositary across 10 investment funds.
This alliance is part of Securities Services鈥� growth strategy in targeted markets across Europe and globally.
This integration reinforces BNP Paribas鈥� existing relationship with Mediolanum Group in Europe, including a range of securities services already provided in Ireland and Italy.
Through this partnership, BNP Paribas鈥� Securities Services business has been appointed as the depositary bank of Banco Mediolanum鈥檚 Spanish investment vehicles.
A collective joint effort between both parties and their client focus approach have been factors in the success of the transaction.
Soledad Lecube, head of Spain, Securities Services, BNP Paribas, comments: 鈥淪pain is a longstanding strategic European market for our Securities Services business, and we are committed to keep developing our local expert teams and product offerings. Banco Mediolanum and BNP Paribas share common values of operational excellence and a strong European presence.
鈥淭his integration is a testament to our ongoing efforts and commitment to the region. Being the top depositary bank for independent asset managers in Spain and the fourth leading provider of depositary banking services in the country, we look forward to growing alongside our clients and provide them with best-in-class services.鈥�
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