Published by Global Banking & Finance Review®
Posted on June 27, 2025
1 min readLast updated: January 23, 2026
Add as preferred source on GoogleBNP Paribas will acquire HSBC's custody and depositary business in Germany, with implementation starting in 2026 through phased client migration.
(Reuters) -BNP Paribas agreed with Europe's biggest bank HSBC to acquire the custody and depositary bank business of HSBC Continental Europe in Germany, BNP Paribas said on Friday.
The agreement provides for the transfer of the services currently provided by HSBC Continental Europe, Germany, to BNP Paribas' Securities Services business in Germany, it added.
The implementation of the deal is expected to begin in early 2026 through a phased client migration, the French bank said in a press release.
(Reporting by Anna Peverieri and Jerome Terroy, Editing by Louise Heavens)
BNP Paribas is acquiring the custody and depositary bank business of HSBC Continental Europe in Germany.
The implementation of the deal is expected to begin in early 2026 through a phased client migration.
The services currently provided by HSBC will be transferred to BNP Paribas' Securities Services business in Germany.
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