BNP Paribas Securities Services has been chosen to provide clearing, settlement and custody services to the Italian private bank Cassa Lombarda.
As part of the mandate, BNP Paribas Securities Services will provide global custody services for around €2bn.
BNP Paribas Securities Services is a leading global custodian with $11.6trn in assets under custody.
Cassa Lombarda is an Italian private and independent bank that focuses on private banking, with offices in Milan, Rome, Bergamo, Busto Arsizio and Como.
Stefano Catanzaro , managing director of BNP Paribas Securities Services Italy, said: "We are proud to have received a further mandate from Cassa Lombarda to demonstrate that our skills are instrumental for the growth of our customers allowing them to concentrate on developing their core business."