Securities Services expands its position in Europe
Our Securities Services business line, Europe’s leading global custodian and a long-term partner for financial institutions, achieved three major breakthroughs in 2025. First, it entered into an agreement with HSBC to acquire its custodian bank and securities custody activities in Germany. Appointed by UniCredit Group, it was also given a transnational mandate to provide custody and settlement services to its entities in Italy, Germany and Luxembourg. Lastly, it signed an exclusive agreement with Banco Mediolanum to become its new depositary bank in Spain, marking another step forward in its commitment to the country. These transactions consolidate our position as a leading global custodian and a partner of choice for buy-side and sell-side market participants, in Europe and beyond.
BNP Paribas Wealth Management among market leaders in Germany
On 3 October 2025, BNP Paribas finalised the acquisition of HSBC’s private banking activities in Germany. This transaction establishes BNP Paribas Wealth Management, already the leading private bank in the eurozone,(1) as a major player in this strategic market, offering significant growth opportunities for the wealth management activities, particularly among German SMEs and family businesses.
“The acquisition of HSBC’s private banking activities in Germany is a crucial step for BNP Paribas Wealth Management. With more than €50 billion in cumulative assets under management, we are doubling in size and positioning ourselves as a leader in the local market, not to mention the eurozone. Building on the Group’s diversified and integrated model, we will provide our clients with a comprehensive range of services, from investment and corporate banking through to asset management solutions.”