Allianz trusts BNP Paribas with UK investments

Allianz has appointed BNP Paribas’ Securities Services business to provide a range of asset servicing support in the UK.

The mandate includes global custody, agency securities lending, auto foreign exchange, continuous linked settlement and cash services.

BNP Paribas will also deliver customised reporting propositions to Allianz via its NeoLink client platform, which integrates fintech tools, artificial intelligence and omni-channel connectivity.

Ying Ye, chief investment officer at Allianz UK, said: “We appointed BNP Paribas as the sole custodian bank for the UK investment accounts and recently completed the onboarding process. BNP Paribas have been supportive throughout and we look forward to a strong partnership.”

Already established with Allianz

The agreement builds on the existing relationship between the two companies in markets such as Germany, Italy and Belgium.

In July 2025, BNP Paribas, through its venture arm Opera Tech Ventures, co-led a £12m funding round for the embedded propositions provider Wrisk.

Arnaud Claudon, head of asset managers and asset owners client lines at Securities Services, BNP Paribas, added: “Our client-oriented service approach, coupled with our state-of-the-art NeoLink client portal, provides Allianz with the combined market expertise and technology-driven solutions it needs to achieve operational excellence when managing its assets.

“Our trusted partnership with Allianz is already well-established in core markets such as Germany, Italy and Belgium. This new mandate in the UK reflects our strong capability in the EMEA region, as we continue to grow as a European global custodian of choice.”