BNP Paribas Securities Services (BNP PSS) has appointed its first head of master custody relationship management, hiring Cristina Arnaiz away from Barclays Global Investors (BGI).
The move comes as BNP PSS, like all local custodians with a superannuation business, is preparing to tender for the custody role at the Future Fund. Requests for tenders are expected to be issued by the Future Fund in mid-December, after the announcement last week that UK-based consultancy Thomas Murray would assist the custodian search process. BNP PSS’ largest master custody client in the region is the New Zealand Superannuation Fund, whose former boss, Paul Costello, has just become general manager of the Future Fund. Arnaiz, previously the head of operations at BGI, will report to BNP PSS head of sales and relationship management, Chris Briant.
5 December 2006 00:00
consultancy, briant, assist, hiring, murray, arnaiz, zealand, cristina, chris, largest, costello, thomas
Investments
The Future Fund delivered a 14.8 per cent one-year return to June 30, 2026, attributing the return to a combination of exposure to commodities, geographic diversification, an increased focus on active management and low exposure to bonds. Newly minted chief investment officer Richard Brandweiner also highlighted strong performance in emerging markets.
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