The FINANCIAL — BNP Paribas Securities Services is pleased to announce its cooperation agreement with BMCI, which will provide its international clients with local clearing and custody and global corporate trust services in Morocco. The agreement will come into effect from the 1st of July 2009.
"Through BMCI Securities Services, BNP Paribas clients will benefit from a local team with over 15 years experience in custody integrated into the Bank's global proprietary network. BMCI Securities Services will be headed up by Sylvie Nouri of BMCI, while Nadia Affane, who will relocate from BNP Paribas Securities Services Paris to BMCI, will manage sales and relationship management," BNP Paribas informs.
BMCI, which was created in 1977, is now a 66.21% owned subsidiary of the BNP Paribas Group and has been BNP Paribas Securities Services' sub-custodian since 2004. BNP Paribas Securities Services always aims to create long-term partners which fit well with its strategy and allow the Bank to benefit from local knowledge and expertise. This agreement is another step in BNP Paribas Securities Services' ambition and commitment to provide its clients with the best possible solutions worldwide.
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