Credit: BGL BNP Paribas

BNP Paribas’ Securities Services business has announced it was mandated by Flossbach von Storch, to provide an extensive range of services including global custody, fund accounting and transfer agency for its UCITS funds in Germany and Luxembourg, representing over €50 billion in assets.

Founded in 1998, Flossbach von Storch is a Germany-based asset management firm that provides specialised management of private assets to individuals, funds and institutional investors. It is currently one of Europe’s leading independent asset managers with more than €70 billion in assets under management.

Christian Schlosser, Board member at Flossbach von Storch Invest SA, stated: “In the future, we want to ensure that we provide first-class service beyond our domestic market. BNP Paribas, a leading global custodian with a network spanning across all time zones, is an ideal partner to achieve this goal.

Patrick Colle, Head of Securities Services and Chairman of Financial Institutions Coverage at BNP Paribas, commented: “We are proud to put our on-the-ground specialist teams, global operating model and technology-driven approach at the service of Flossbach von Storch’s international strategy. Building long-term value and trust is a shared principle between our two organisations and we stand committed to helping Flossbach von Storch seize tomorrow’s opportunities for growth.