BNP Paribas SS wins French mandate
26 March 2012 London
Image: Shutterstock
BNP Paribas 厙惇勛圖 Services announced that it has won a new mandate from F矇d矇ris Gestion dActifs to provide a suite of collateral management services, supporting the managers OTC derivatives activities.
F矇d矇ris, the dedicated asset management company of major French insurance and pension group Malakoff M矇d矇ric, manages more than 23 billion in assets. The appointment is the latest development in a relationship that began in 2002, following the evolution of F矇d矇ris strategy to include increased use of both OTC and listed derivates.
St矇phane Carteau, director of operations at F矇d矇ris, said: As our business evolved with increased use of derivatives, so too did our requirements for a robust collateral management service that would help manage the credit risk associated with multiple counterparty OTC derivative transactions.
We lacked the in-house expertise to manage this function effectively, so outsourcing this critical activity made a lot of financial sense.
F矇d矇ris, the dedicated asset management company of major French insurance and pension group Malakoff M矇d矇ric, manages more than 23 billion in assets. The appointment is the latest development in a relationship that began in 2002, following the evolution of F矇d矇ris strategy to include increased use of both OTC and listed derivates.
St矇phane Carteau, director of operations at F矇d矇ris, said: As our business evolved with increased use of derivatives, so too did our requirements for a robust collateral management service that would help manage the credit risk associated with multiple counterparty OTC derivative transactions.
We lacked the in-house expertise to manage this function effectively, so outsourcing this critical activity made a lot of financial sense.
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