Bordier Gestion Privée, the French subsidiary of Swiss private bank Bordier & Cie, has signed up BNP Paribas Securities Services to administer the portfolios of some of Bordier’s private clients.

This new partnership will see Bordier working with a major European provider of custody services which has built an offering aimed at private wealth managers.

Christophe Burtin, chief executive of Bordier Gestion Privée, said: “This partnership with BNP Paribas Securities Services will allow us to concentrate on what we do: private wealth advice and asset management.”

Bordier Gestion Privée, established in Paris in 2006, advises or manages the assets of 150 families in France and abroad.