Albilad selects Profile Software’s IMSplus for new custody ops

Profile Software gains new IMSplus taker in Saudi Arabia – Albilad Capital

Albilad Capital, the investment arm of Saudi Arabia’s Bank Albilad, is implementing IMSplus Custody, a specialist solution supplied by Profile Software. IMSplus Custody will support Albilad’s newly launched custodian services department. Albilad Capital operates according to Islamic finance principles and provides financing from equity and debt capital markets for a variety of sectors, including oil […]

BNP trumpets local custody in US

BNP Paribas Securities Services (BNP Paribas) yesterday launched a local custody service in the US market, targeting its European, Asian and Middle Eastern clients that are becoming increasingly global. “The US launch marks the moment we have become truly global,” said Patrick Colle, general manager, BNP Paribas Securities Services.