BNP Paribas’ Securities Services business has announced the renewal of the mandate with la Cassa Nazionale di Previdenza ed Assistenza a Favore dei Ragionieri e Periti Commerciali (CNPR) — a mandatory social security and welfare institution for Italian accountants — as its depositary bank. BNP Paribas’ Securities Services business provides CNPR with custodian banking services and securities services for total assets of approximately €2.5 billion, for additional five years. The Italian pension sector has always been a strategic area for our Securities Services business. “We will continue to invest in technology, skills, and value-added services, to support CNPR in an increasingly complex and constantly evolving market context.” Giuseppe Scolaro, general manager of CNPR, adds: “This mandate renewal demonstrates our great satisfaction and confirms the validity of our partnership started a few years ago.