BNP Paribas Securities Services

Custody

First Super appoints BNP Paribas Securities Services

BNP Paribas Securities Services has won its second major client from NAB Asset Servicing in three months after it was appointed to act as custodian and administrator for $2.2 billion First Super. The $3.9 billion TWU Super appointed BNP in December and both funds have cited concerns over meeting increasing regulatory demands around investment performance […]
Custody

The incredible expanding world of custody

A central, if often overlooked feature of Australia’s super funds is that they have, for a very long time, worked closely with external service providers in their pursuit of world best practice. In relation to custody and securities services, this is a very sensible approach. The scale, geographic reach, and massive investment in technology of […]
Investment Strategy

New RM at BNP Paribas, manager at Threadneedle

BNP Paribas Securities Services (BNP Paribas) today announced the appointment of Katharine Seymour as the new head of relationship management for its Australian ‘asset owner’ clients. Seymour assumes responsibility for the team managing relationships and service delivery for BNP Paribas’ clients in this core client group that includes superannuation funds, government entities and insurance companies. […]
Investment Strategy

Third strike for BNP Paribas Securities Services

BNP Paribas Securities Services’ local custody and settlement services has added its third client since its launch in May, winning the business of EFG Bank, a Zurich-headquartered global private bank. EFG Bank has appointed BNP Paribas as both its global and local custodian in four markets covered by the group’s 23 branches around the world. […]
Administration

Joint working groups
secure super mergers

The government’s decision to formalise capital-gains-tax rollover relief to help super funds merge removes a key obstacle for those organisations looking to join forces with others. However, even with this change, merging two super funds is no walk in the park. Just how challenging the process can be was highlighted in late May when Equipsuper […]
Investment Strategy

$5bn in BNP Paribas custody mandates go to tender

One week after becoming custodian to the $1.3-billion AvSuper, BNP Paribas is competing to keep two superannuation fund mandates totalling more than $5 billion. The $4.5-billion Australian Catholic Superannuation Retirement Fund (ACSRF), BNP Paribas’ second largest super fund client, and the $580-million Health Industry Plan (HIP) are assessing bids from custodians wanting to manage their […]
<1of2>