BNP Paribas to acquire HSBC’s custody and depositary business in Germany
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BNP Paribas to acquire HSBC’s custody and depositary business in Germany
The agreement provides for the transfer of the services currently provided by HSBC Continental Europe, Germany, to BNP Paribas. The implementation of the deal is expected to begin in early 2026 through a phased client migration.
The agreement provides for the transfer of the services currently provided by HSBC Continental Europe, Germany, to BNP Paribas’ Securities Services business in Germany, it added.
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The implementation of the deal is expected to begin in early 2026 through a phased client migration, the French bank said in a press release.
Reporting by Anna Peverieri and Jerome Terroy, Editing by Louise Heavens
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