BNP Paribas

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 […]
Investment Strategy

Telstra Super retains NAB as custodian

Martin Crowe, chief executive at Telstra Super, said the decision to remain with NAB had been made after an extensive review of the fund’s custodial needs. “They know us and our members well,” said Crowe, whose fund has 100,000 members. Christina Liosis, Telstra Super’s chief financial officer, citied the strength of the NAB balance sheet […]
Investment Strategy

NAB Asset Services gets HIP

National Australia Bank (NAB) Asset Services has won a custody mandate to provide administrative services for the $630-million Health Industry Plan (HIP), supplanting the incumbent provider BNP Paribas. Australia’s largest custodian bank with about $508 billion in assets under custody, NAB secured the deal after a competitive tendering process run by the fund’s consultants Jana. […]
Custody

ACSRF cuts custodian shortlist to four

The Australian Catholic Superannuation Retirement Fund (ACSRF) is weighing bids from four custodian banks seeking to manage its $4.5 billion investment operations contract. Incumbent custodian BNP Paribas is competing against National Australia Bank (NAB), JP Morgan and State Street for the contract, which was tendered in March and is due to be completed in late […]
Investment Strategy

AvSuper custody contract rubs salt in NAB wound

Pierre Jond, the man in charge of BNP Paribas’ custody business in Australia, confidently predicted this year there will be “good news” for his bank in winning new business. The statement by AvSuper that the $1.25 billion fund has chosen the French bank as its new custodian is good news, even if the modest size […]
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