BNP Paribas Securities Services, part of the French banking group BNP Paribas, has started operations in Mexico.

The new business in Mexico will offer valuation services, tax pricing and regulatory reporting, alongside daily accounting.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Moreover, BNP Paribas named Florence Pourchet as the head of CIB Latin America.

Apart from Mexico, BNP Paribas Securities Services has operations in Brazil, Chile, Colombia, Peru and the US in the Americas region.

BNP Paribas has been operating in Mexico for more than 50 years.

The firm offers banking, advisory, insurance, asset management and personal finance services in the country with a workforce of more than 700.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

BNP Paribas secured the clearance of the Mexican Banking and Securities Commission to incorporate as a local bank in Mexico last December.

This will allow the bank to expand its product line up to include Global Markets.

The move forms part of the bank’s broader growth strategy for the Americas.

BNP Paribas country head for Mexico Francisco Hernandez said: “We have been growing our presence in Mexico significantly over the past few years and are delighted to be able to offer local clients new products and solutions.

“With this new milestone, we are now able to offer our institutional clients a more complete pan-Americas fund services solution.”

BNP Paribas Securities Services offers multi-asset post-trade and asset servicing solutions.

The business caters to buy and sell-side market participants, corporates as well as issuers, with assets under custody of $11.8trn at December-end 2019.