All inclusive, the 14 trusts have almost $1 billion in assets under management, according to Certitude.
Certitude chief executive Craig Mowll said Certitude needed a global custodian that “understood their future growth strategy in Australia”.
“After a very thorough analysis of the market we found BNP Paribas’ large and ongoing investments in both people and technology solutions was very important to us and appointing them has allowed us to future-proof our operations as a part of our growth strategy,” he said.
“As Certitude continues to expand its global manager partnerships and product suite BNP Paribas is very well positioned to support us and our growing client base,” he added.
Peter Baker, head of BNP Paribas Securities Services Australia and New Zealand, said he is “delighted” that Certitude chose BNP Paribas as custodian and administrator for the trusts.
“Our commitment to Certitude, and all of our clients, is to partner with them to optimise their operations, minimise their risks, enhance their performance wherever possible,” he said.
“We look forward to supporting Certitude’s future growth in Australia and globally as well as supporting the local asset management sector.”
