BNP Paribas custody approved to go local

BNP Paribas Securities Services can now manage its Asian global and local custody mandates regionally with the Monetary Authority of Singapore's approval of its wholesale banking license. With the firm's first wholesale banking license in the region, BNP Paribas Securities now offers Asian clients same-time zone custody, treasury and liquidity services. Prior to receiving the approval, the firm's Singapore office was limited to investment administration solutions and trustee and fund…