AIIB awards global custody mandate to BNP Paribas
BEIJING, May 18-- 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.
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.[ Editor: Zhang Zhou ]