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Fondenergia selects BNP Paribas for securities lending services


09 April 2024 Italy
Reporter: Jack McRae

Generic business image for news article
Image: stock.adobe.com/Luciano Mortula-LGM
BNP Paribas’ Íø±¬³Ô¹Ï Services business has been selected by Fondenergia to provide depositary bank and securities lending services for its global assets.

The Italy-based pension fund for workers in the energy sector will have access to BNP Paribas’ approach to technology and global operating model, as well as proxy voting and securities lending.

Andrea Fiordelmondo, president of Fondenergia, comments: “BNP Paribas’ Íø±¬³Ô¹Ï Services business’ support will help us enhance the efficiency of our processes and reinforce the safety of our assets, while increasing the profitability of the fund through securities lending services.â€

Andrea Cattaneo, head of Italy, Switzerland and Iberia for Íø±¬³Ô¹Ï Services at BNP Paribas, adds: “We are delighted to start this mandate with Fondenergia, a leading player in the Italian pension funds sector.â€
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