HSBC Continental Europe sells custody business to BNP Paribas

Dussel­dorf — Global law firm Norton Rose Fulbright has advi­sed HSBC Conti­nen­tal Europe on the sale of its cust­ody busi­ness in Germany to BNP Pari­bas S.A., a German bank., Germany Branch. The cust­ody busi­ness in Germany focu­ses on dome­stic cust­ody, clea­ring and safe­kee­ping services for German insti­tu­tio­nal clients. 

This tran­sac­tion is part of the global simpli­fi­ca­tion stra­tegy announ­ced in Octo­ber 2024.

Advi­sor HSBC Conti­nen­tal Europe: Norton Rose Fulbright

The inter­na­tio­nal team was led by London part­ner Emma de Ronde (Corporate/M&A, London) and Düssel­dorf part­ner Anne Fischer (Corporate/M&A, Düsseldorf).
Other team members — the part­ners: Dr. Tim Scha­per (Anti­trust Law, Hamburg), Clau­dia Poslu­schny (Employ­ment Law, Munich), Dr. Chris­toph Ritzer (Data Protec­tion Law, Frank­furt), Dr. Frank Herring (Banking Law, Frank­furt), as well as the asso­cia­tes: Alex­an­der Mathes (Corporate/M&A, Munich), Michaela Bach­meier (Employ­ment Law, Munich), Vero­nika Koch (Corporate/M&A, Düssel­dorf), Nico­las Krämer (Corporate/M&A, Düssel­dorf), Tobias Teich­ner (Anti­trust Law, Hamburg) and Elea­nor Jones (Corporate/M&A, London) and Michael Bola­wole (Project Manage­ment, London).

The tran­sac­tion is subject to regu­la­tory approvals.

About Norton Rose Fulbright

Norton Rose Fulbright is a global busi­ness law firm. With more than 3,000 lawy­ers in over 50 offices world­wide in Europe, the USA, Canada, Latin America, Asia, Austra­lia, Africa and the Middle East, we advise leading natio­nal and inter­na­tio­nal companies. 

We offer our clients compre­hen­sive advice in all major sectors. These include Finan­cial Insti­tu­ti­ons; Energy; Infra­struc­ture, Mining and Commo­di­ties; Trans­por­ta­tion; Tech­no­logy and Inno­va­tion and Life Scien­ces and Health­care. Our global Risk Advi­sory Group combi­nes this exten­sive indus­try expe­ri­ence with its exper­tise in legal, regu­la­tory, compli­ance and gover­nance. This enables us to provide our clients with prac­ti­cal solu­ti­ons to the legal and regu­la­tory risks they face.
Where­ver we operate, we act in accordance with our busi­ness prin­ci­ples of “Quality, Unity and Inte­grity”. We provide legal advice of the highest stan­dard and main­tain this level of quality in every contact.