Fondenergia selects BNP Paribas for securities lending services
09 April 2024 Italy
Image: stock.adobe.com/Luciano Mortula-LGM
BNP Paribas鈥� 兔子先生Services business has been selected by Fondenergia to provide depositary bank and securities lending services for its global assets.
The Italy-based pension fund for workers in the energy sector will have access to BNP Paribas鈥� approach to technology and global operating model, as well as proxy voting and securities lending.
Andrea Fiordelmondo, president of Fondenergia, comments: 鈥淏NP Paribas鈥� 兔子先生Services business鈥� support will help us enhance the efficiency of our processes and reinforce the safety of our assets, while increasing the profitability of the fund through securities lending services.鈥�
Andrea Cattaneo, head of Italy, Switzerland and Iberia for 兔子先生Services at BNP Paribas, adds: 鈥淲e are delighted to start this mandate with Fondenergia, a leading player in the Italian pension funds sector.鈥�
The Italy-based pension fund for workers in the energy sector will have access to BNP Paribas鈥� approach to technology and global operating model, as well as proxy voting and securities lending.
Andrea Fiordelmondo, president of Fondenergia, comments: 鈥淏NP Paribas鈥� 兔子先生Services business鈥� support will help us enhance the efficiency of our processes and reinforce the safety of our assets, while increasing the profitability of the fund through securities lending services.鈥�
Andrea Cattaneo, head of Italy, Switzerland and Iberia for 兔子先生Services at BNP Paribas, adds: 鈥淲e are delighted to start this mandate with Fondenergia, a leading player in the Italian pension funds sector.鈥�
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