BNP Paribas selected by Flossbach von Storch for global custody, fund accounting, and transfer agent services

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BNP Paribas’ Securities Services business has been mandated by Flossbach von Storch, one of Europe’s leading independent asset managers with more than EUR 70 billion in assets under management, 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 EUR 50 billion in assets.

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04/06/2024 |
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Founded in 1998, Flossbach von Storch is a Germany-based asset management firm that provides specialised management of private assets to individuals, fund and institutional investors.

With this mandate, Flossbach von Storch will take advantage of the comprehensive suite of flexible solutions and multi-local expertise of BNP Paribas’ Securities Services business, a leading custodian in Germany and Luxembourg, and from the financial strength of the BNP Paribas Group.

Christian Schlosser, Board member, Flossbach von Storch Invest S.A., 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, 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.”

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