In a market where triennial reviews of service providers has become the norm, BNP Paribas Securities Services (BNP PSS) has extended a contract with one of its major clients out to 2014.
The French-owned bank division will service AMP’s custody and fund administration needs until at least 2014, after a contract re-negotiation process lead on the wealth manager’s side by director of technology alliances, Lou Pagano. BNP PSS head of sales and relationships, Ken Shaw, said both organisations had “;complementary”; plans to expand in the Asia-Pacific region. He said BNP PSS would soon locally launch ‘Neo-Link’, a web portal allowing clients to access all of BNP PSS’ online systems with a single sign-on.
2 September 2008 00:00
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Investments
In an environment where markets are becoming ever more concentrated, the $21 billion Team Super is happy to wear plenty of active risk from its managers and won’t use overlays to make up for underperformance.
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