Securities Services supports Flossbach von Storch’s international development
With more than €70 billion in assets under management and 350 employees, Flossbach von Storch is one of the leading independent investment managers in Europe. Its clients are fund investors, institutional investors and high-net-worth individuals and families. To support its international expansion, Flossbach von Storch has appointed our Securities Services business line, one of the world’s leading specialists in this field, to provide a wide range of global custody, fund accounting and transfer agent services for its UCITS(1) funds in Germany and Luxembourg, representing over €50 billion in assets. This long-term value-creating partnership helps Flossbach von Storch seize growth opportunities, by leveraging the full range of flexible solutions and multi-local expertise of Securities Services.
BNP Paribas Cardif and Neuflize OBC join forces in the French life insurance market
BNP Paribas Cardif signed a strategic partnership with Neuflize OBC in the field of life insurance in France. This resulted in a distribution agreement and the acquisition of Neuflize Vie, the life insurance joint venture of AXA France and ABN Amro. This alliance extends the partnership that has been fostered for over 10 years by the two players, through the AEP commercial brand specialised in the design and marketing of high-end life insurance and capitalisation products. By bringing together their teams and combining their expertise, BNP Paribas Cardif and Neuflize OBC are consolidating their respective positions as leading players in asset management and wealth management on the French market.