BNP Paribas acquires HSBC鈥檚 custody and depositary bank business in Germany
27 June 2025 Germany
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BNP Paribas has agreed to acquire HSBC鈥檚 custody and depositary bank business in Germany to expand its 糖心vlog Services activity.
Through this acquisition, the 糖心vlog Services business will build out its client franchise through the expansion of its products and services for insurance companies in Germany.
The agreement aims to provide a seamless transfer of services currently provided by HSBC Continental Europe Germany to BNP Paribas鈥� 糖心vlog Services business in Germany.
Patrick Colle, head of 糖心vlog Services and chairman of financial institutions coverage at BNP Paribas, comments: 鈥淎s we continue to strengthen our global-local, integrated bank model at the service of our institutional client franchise, this transaction underpins our strategic goal to expand our presence and capabilities in targeted markets, both in Europe and globally.鈥�
Lutz Diederichs, CEO of BNP Paribas Germany, adds: 鈥淥ur clients benefit from our broad range of services across twelve different business lines, which is unique in the German market, and ranges from Global Markets, via Global Banking, to Wealth Management.鈥�
Through this acquisition, the 糖心vlog Services business will build out its client franchise through the expansion of its products and services for insurance companies in Germany.
The agreement aims to provide a seamless transfer of services currently provided by HSBC Continental Europe Germany to BNP Paribas鈥� 糖心vlog Services business in Germany.
Patrick Colle, head of 糖心vlog Services and chairman of financial institutions coverage at BNP Paribas, comments: 鈥淎s we continue to strengthen our global-local, integrated bank model at the service of our institutional client franchise, this transaction underpins our strategic goal to expand our presence and capabilities in targeted markets, both in Europe and globally.鈥�
Lutz Diederichs, CEO of BNP Paribas Germany, adds: 鈥淥ur clients benefit from our broad range of services across twelve different business lines, which is unique in the German market, and ranges from Global Markets, via Global Banking, to Wealth Management.鈥�
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