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BNP Paribas to acquire HSBC's custody and depositary business in Germany

Published by Global Banking & Finance Review

Posted on June 27, 2025

1 min read

· Last updated: January 23, 2026

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BNP Paribas to acquire HSBC's custody and depositary business in Germany
financial services acquisition
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(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

BNP Paribas to acquire HSBC's custody and depositary business in Germany

(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)

Key Takeaways

  • BNP Paribas to acquire HSBC's custody business in Germany.
  • The deal involves HSBC Continental Europe's services.
  • Implementation begins in early 2026.
  • Phased client migration planned.
  • Enhances BNP Paribas' Securities Services.

Frequently Asked Questions

What business is BNP Paribas acquiring from HSBC?
BNP Paribas is acquiring the custody and depositary bank business of HSBC Continental Europe in Germany.
When is the implementation of the deal expected to begin?
The implementation of the deal is expected to begin in early 2026 through a phased client migration.
Which division of BNP Paribas will handle the acquired services?
The services currently provided by HSBC will be transferred to BNP Paribas' Securities Services business in Germany.

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