AIIB awards global custody mandate to BNP Paribas

Xinhua Published: 2017-05-18 16:29:48
Share this with Close
Messenger Messenger Pinterest LinkedIn

The Asian Infrastructure Investment Bank (AIIB) has awarded a global custodian mandate to BNP Paribas Securities Services, as the Beijing-based bank seeks to establish internal financial infrastructure for liquidity investment. 

[File photo: Xinhua]

[File photo: Xinhua]

BNP Paribas is expected to have global custody of up to 20 billion U.S. dollars of AIIB assets and will be providing a list of custody services, AIIB said in a statement.

"As a new multilateral financial institution, we are focused on building our trading capabilities to deliver infrastructure projects that will improve Asia's development," said Thierry de Longuemar, AIIB vice president and CFO.

The agreement will be implemented in the third quarter of 2017.

AIIB is a new multilateral development bank founded to bring countries together to address the infrastructure needs across Asia. It commenced operation in January 2016.  

Share this story on

Most Popular

Related stories


Attendants train to work on Chinese built high-speed rail in Kenya
Passenger jet found missing a wheel after landing in central China
1,000 students 'direct traffic' in Inner Mongolia
Mountain-view apartment in downtown Shanghai
Wuhan student 'nails' image of Marilyn Monroe
Belt and Road cooperation agreements


China, ASEAN countries agree on Code of Conduct for South China Sea framework
China tightens rules on drone use
China's Z-19E armed helicopter makes maiden flight
Video: China's PLA train for International Military Games
Xi's speech at opening ceremony of B&R forum published
Jenny Lang Ping named vice president of Chinese Volleyball Association