ABN Amro taps BNP Paribas to optimise front and middle office connectivity
ABN Amro Investment Solutions has selected BNP Paribas Securities Services to provide it with dealing and middle office outsourcing services.
ABN Amro partners BNP Paribas Securities Services
BNP Paribas’ solutions will be connected to ABN Amro via BlackRock Aladdin, the technology platform the firm uses to unify its investment management processes across its front and middle office.
Arnaud Claudon, head of asset owners and managers client lines, securities services at BNP Paribas, says the company’s solutions enable clients to “seamlessly” connect their front, back and middle office and “eliminate risks” that come with information duplication and repetitive manual inputs.
The two firms say that this partnership is in line with ABN Amro’s plan to optimise its technological tools and infrastructure by 2026.
Elisa Alonso Sanz, COO at ABN Amro Investment Solutions, says the firm selected BNP Paribas for its ability to connect its front and middle office to “help us enhance operational efficiency and speed up trade processing”.
BNP Paribas and ABN Amro are long-standing business partners with the former providing the latter with dealing desk services to help the firm execute trades and source liquidity.
Reports earlier this year suggested BNP Paribas is interested in possibly buying the Dutch bank, although no deal has materialised as of the time of writing.
