Bnp Paribas Niederlassung Deutschland to acquire HSBC Germany custody business from HSBC Holdings.

BNP Paribas Niederlassung Deutschland, a German branch of a banking and financial services group, agreed to acquire HSBC Germany, a custody business in Germany, from HSBC Holdings, a British multinational universal bank and financial services group. Financial terms were not disclosed. All custody staff employed by HSBC Continental Europe, Germany, as well as its assets and clients, would transfer to BNP Paribas as part of the Potential Transaction.