BNP Paribas Securities Services presence in the Dutch market grew rapidly in the wake of the Euronext merger, as clients investing across the four markets (Belgium, France, Netherlands and Portugal) sought its support.
Today, BNP Paribas Securities Services stands as a leading provider of local custody and settlement-related services, covering all instruments (equities, bonds and derivatives) and has since 2005 enjoyed top ratings in Global Custodian Agent Bank review.
Erwin Reyes, Head of BNP Paribas Securities Services for the Netherlands, explains the strengths of the business line: We are active members of the local market associations and infrastructures which enable us to help our clients navigate market and regulatory changes; recent examples being the Target2 Securities settlement platform, and the Solvency II, AIFM and UCIT V Directives. Overall, we can offer high quality solutions because we are close to the markets and have the expertise and knowledge in all our locations.
Arma B.V. was founded in 1989 as the first bank-independent leasing company in the Netherlands. In 1992, it managed a modest profit. By 1993, there were already 3,000 Arma vehicles driving around in the Netherlands. Two years later, the fleet had grown to 5,000 vehicles. Things continued well for Arma, which was reason enough to try its luck in Belgium. On 1 October 1995, Arma Belgium opened its doors in Zaventem. Arma continued to grow, passing the iconic milestone of 10,000 Arma vehicles in 1999. In September 2000, Arma UK was established.
Everything went smoothly for Arma. However, to survive in the future, it proved necessary to merge with a sizeable, powerful partner. Thus, on 29 March 2004, Arma was renamed Arval and became a 100% subsidiary of BNP Paribas.
Today Arval is a specialist in full-service multi-brand vehicle leasing, offering companies tailored solutions designed to optimise their employees mobility, while outsourcing the risks associated with fleet management.
Jeff Bolders, CEO of Arval B.V., underlines the strengths of the company: Our people make the difference. They work quickly, accurately, make an offer within four hours and answer the phone within three rings. We aim for a long and personal collaboration, and we will do anything to increase satisfaction. This means that we always apply the rule a deal is a deal . If we promise to call back, we will call you back, and we will do so at the agreed time. And also, we make everything as easy as possible. We will take care of the entire ordering process with drivers, take over all operational matters and are at the immediate disposal to assist clients with any questions or problems. What also makes the difference is that, at Arval, clients have a personal account team. The fixed point of
JEFF BOLDERS, CEO OF ARVAL NEDERLAND
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