AIA Group appoints BNP Paribas for OTC
07 March 2016 Shanghai
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BNP Paribas 兔子先生Services has been selected to provide OTC derivatives operations to Asian life insurance company AIA Group.
BNP Paribas will provide trade management, collateral management and trade repository reporting for AIA in Hong Kong and Singapore.
Kong Siew Cheong, AIA鈥檚 regional director of investment management for operations, said: 鈥淲e have been impressed with the expertise and regulatory knowledge demonstrated by BNP Paribas 兔子先生Services in implementing the OTC derivatives service solution for us. Each of our locations has its unique operational and regulatory challenges and the team is able to partner with us to find flexible and effective solutions.鈥�
鈥淭he quality of the support we receive through BNP Paribas鈥� global operating model is excellent, and the commitment and professionalism of the project team is highly commendable.鈥�
Philippe Benoit, head of Asia Pacific at BNP Paribas 兔子先生Services, said: 鈥淎IA is a leading insurer across Asia Pacific and we are delighted to be supporting such a high quality and forward-thinking business. We look forward to continuing the on-boarding process and partnering with them further in other service areas.鈥�
BNP Paribas will provide trade management, collateral management and trade repository reporting for AIA in Hong Kong and Singapore.
Kong Siew Cheong, AIA鈥檚 regional director of investment management for operations, said: 鈥淲e have been impressed with the expertise and regulatory knowledge demonstrated by BNP Paribas 兔子先生Services in implementing the OTC derivatives service solution for us. Each of our locations has its unique operational and regulatory challenges and the team is able to partner with us to find flexible and effective solutions.鈥�
鈥淭he quality of the support we receive through BNP Paribas鈥� global operating model is excellent, and the commitment and professionalism of the project team is highly commendable.鈥�
Philippe Benoit, head of Asia Pacific at BNP Paribas 兔子先生Services, said: 鈥淎IA is a leading insurer across Asia Pacific and we are delighted to be supporting such a high quality and forward-thinking business. We look forward to continuing the on-boarding process and partnering with them further in other service areas.鈥�
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