BNP Paribas Germany News & Press
September 17, 2008 -

BNP Paribas Securities Services is the first Depotbank that has been rated by Telos/Kommalpha with a rating of -1 (excellent)

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BNP Paribas Securities Services is the first Depotbank in Germany that is rated with clearly defined quality criteria. The rating of the companies Telos GmbH and Kommalpha Institutional Consulting certifies BNP Paribas Securities Services an excellent Depotbank with grade 1-.

The institutional business for insurers, pension funds, foundations and financial service providers has been tested in detail. Structured in Coverage, Settlement & Custody, Funds-Services, Reporting, IT and Sales all steps and processes were analysed and assessed. Telos underlines in the final documentation BNP Paribas Securities Services as leading European provider in their business.

Gerald Noltsch, General Manager BNP Paribas Securities Services in Germany says: “It means a lot to us, that a meaningful Depotbank-Rating helps our clients to differentiate the performance characteristics. The stability and efficiency of our processes is one of the most important issues for our clients. We’ll continue to work on our role as one of the leading Depotbanks in Europe”.

The complete Rating-Report is online at the homepages of Telos and Kommalpha. Telos became firmly established in the recent years as Rating-Agency of Master-KAG, Asset Managers and Funds. In cooperation with Kommalpha, they have broadened their services with the