BNP Paribas

Hedge Funds

$70bn TCorp to streamline providers

The bond portfolio and manager line of the newly merged $70 billion funds management operation of TCorp will place a  greater reliance on in-house management. The move will come as part of a general review to find the optimal mix of providers for State Super, TCorp and Safety, Return to Work and Support (SRWS) which […]
Custody

UniSuper appoints BNP Paribas as custodian

UniSuper has appointed BNP Paribas Securities Services as master custodian. The appointment comes after an “extensive” tender and review process to find a custodian that could meet UniSuper’s evolving custody needs, which included supporting the expanding inhouse investment management activities, regulatory requirements, global scale and technological advancement. In a statement UniSuper’s head of portfolio analysis […]
Custody

New boss at BNP not seeking to be number one

BNP Paribas Securities Services has no aim of being number one custodian in the Australian market according to its new head of business, Ian Perkins. The custodian currently has the third largest amount of assets under custody in the Australian market at around $320 billion, behind JP Morgan at $463 billion and NAB Asset Servicing […]
Governance

Heads of merged NSW funds named

Mark O’Brien has been picked to head portfolio management for the amalgamated $60 billion New South Wales government funds. O’Brien, who is currently general manager of investments at State Super, will be joined in the management team by Steve McKenna, current chief investment officer for Work Cover, who will look after client interaction and solutions. […]
CIO profiles

Profile: Anne Whittaker, CIO

Anne Whittaker joined the Australian Catholic Superannuation and Retirement Fund (CSRF) as chief investment officer in the momentous month of October 2008, just as the global financial crisis (GFC) was hitting full swing. “Everything went down and you couldn’t hide anywhere,” she recalls. The GFC ended up producing two years of negative returns for CSRF […]
Investment Strategy

NAB Asset Servicing wins two more mandates

National Australia Bank’s Asset Servicing business continues to win mandates from mid-ranking fund managers with the announcement of two new contracts with investment manager, Atrium Investment Management, and Fitzpatrick Private Wealth. NAB AS will provide administrative services to Atrium, a Sydney based multi-asset manager with just over $600 million in funds under management. Fitzpatricks is […]
Investment Strategy

Bees to the honey pot

I&T News has a new columnist, one of Sydney’s biggest investors and wheeler-dealers, who goes by the nom de plum, Castlereagh. He had a busy week, being feted by the hordes of international fund managers who are making their way to Australia in search of investors. Isn’t international tourism struggling because of the high value […]
Investment Strategy

MFS goes it alone

United States fund manager MFS Investments has unwound its decade-long partnership with BNP Paribas in Australia and is going it alone in the local market. President and chief investment officer of MFS, Michael Roberge, was in Australia last week to meet with local clients, for whom the company manages just over US$14 billion. “The BNP link […]
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