Global custodian BNP Paribas’ Securities Services business has secured a five-year renewal of its mandate as depositary bank for Italian pension scheme Cassa Nazionale di Previdenza ed Assistenza a Favore dei Ragionieri e Periti Commerciali (CNPR), extending a partnership that began in 2019 following a public tender. BNP Paribas will continue providing custodian banking and securities services for CNPR’s assets, which total around €2.5 billion. CNPR is a mandatory pension scheme for accountants in Italy that was privatised in 1995. BNP Paribas’ Securities Services makes senior appointmentsAndrea Cattaneo, head of Italy, Switzerland and Iberia, Securities Services, BNP Paribas, said: “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 complex and constantly evolving market context.”