07 July 2017
Milan
Reporter: Mark Dugdale

Italian pension fund extends BNP Paribas mandate to securities lending


Italian pension fund Fondo Pensione Prevedi has selected BNP Paribas Securities Services to provide it with securities lending services.

Prevedi, an Italian pension fund for employees in the construction industry, currently uses BNP Paribas as its depository bank and recently expanded this mandate to include securities lending services.

Stefano Catanzaro, general manager of BNP Paribas Securities Services Italy, said: “We are delighted to be extending the services we provide to Prevedi to include securities lending. We have built a close working relationship with Prevedi over the past few years and look forward to continuing to help them meet the needs of their members.”

Diego Ballarini, CEO of Prevedi, added: “BNP Paribas’s securities lending offering will help us optimise the financial management of the fund—for the ultimate benefit of our participants.”

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