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
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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