12 July 2017
New York
Reporter: Mark Dugdale

Mirae Asset Securities chooses BNP Paribas for global custody


Mirae Asset Securities (USA) has selected BNP Paribas Securities Services to provide it with global custody.

BNP Paribas will provide the US broker-dealer and subsidiary of Mirae Asset Financial Group with global custody services in the Americas, Europe and Asia.

COO Robert Akeson said Mirae Asset Securities chose BNP Paribas for its superior service offering, expertise and overall ability to meet “our needs today and as we grow”.

He said: “We are excited about this new relationship and the opportunities that come with having access to such a large global network and broad service offering to meet the complex needs of our clients.”

Florent Thiry, head of the financial intermediaries and corporates client line in the Americas at BNP Paribas, added: “We are excited to have been appointed by Mirae Asset Securities as their global custodian. This demonstrates the strength of our offering in the US, where we have been expanding our presence, and our commitment to this market.”

More news
The latest news from Securities Lending Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Hedge funds continue 2017 run
23 November 2017 | Madrid | Reporter: Drew Nicol
Global AUM of hedge funds rose 24 percent to $3.2 trillion in the past two years, according to data captured by IOSCO’s latest market survey.
Goldman Sachs appointed by Thrivent for agent lending
23 November 2018 | Minneapolis | Reporter: Jenna Lomax
Thrivent Financial has appointed Goldman Sachs as it new lending agent
ICMA maps repo and cash bond operations
22 November 2017 | Zurich | Reporter: Zsuzsa Szabo
ICMA has launched a free-to-read mapping directory for more than 80 technology solutions for repo and cash bond operations
FCA publishes MiFID II guide
22 November 2017 | London | Reporter: Jenna Lomax
The guide focuses on the regulatory regime in MiFID II for trading venues and data reporting services providers
Hedge fund industry reaches new highs in Q3
22 November 2017 | London | Reporter: Zsuzsa Szabo
The hedge fund industry has recorded strong performance in Q3 2017, after stumbling in 2016, according to Preqin
India reviews SBL position limits
21 November 2017 | New Delhi | Reporter: Zsuzsanna Szabo
The Securities and Exchange Board of India has altered its securities lending rulebook, following market calls for change
EU Commission opens consultation of SFTR TR fees
21 November 2017 | Paris | Reporter: Drew Nicol
UK-based trade repositories may be forced to shoulder additional third-party recognition fees to operate under EU regulatory frameworks post-Brexit, according to proposed EU Commission rules