Paris, 23 June 2014
On 19 June 2014, CNP Assurances completed a bidding process to select a depository-custodian for its €280 billion asset portfolio.
After reviewing the bids, CNP Assurances selected CACEIS to provide extended depository-custodian services.
The contract is for an initial 5-year term, extendable to nine years.
In addition, BNP Paribas Securities Services has been retained to provide assistance in complying with the transparency requirements of Solvency II.