BNP Paribas Pursues 40 Act Acquisition, Readies Live Blockchain Implementation

The French bank looks to make a "big" acquisition, and will go live with an internal blockchain for corporate actions within "weeks."

Patrick Colle
Patrick Colle, CEO, BNP Paribas Securities Services.

Comprehensiveness is a moving target in the financial markets.

Five years ago, BNP Paribas Securities Services looked to expand its offering in the United States. Today, that portfolio includes US domestic custody, global custody booked in the US, collateral management, securities lending, middle-office outsourcing and hedge fund administration.

Where it’s still lagging the competition is in the 40 Act fund administration space, but Patrick Colle, chief executive officer of BNP Paribas Securit

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