AIIB awards global custody mandate to BNP Paribas

Updated 2017-05-18 16:31:17 Xinhua

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.

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.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58August 18 2017 22:42:27

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16August 18 2017 22:42:27

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18August 18 2017 22:42:27

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords