BNP Paribas wins AIA mandate

BNP Paribas wins AIA mandate

Asian life insurance group AIA has appointed BNP Paribas Securities Services as its OTC derivatives operations provider in Hong Kong and Singapore.


In a statement, BNP Paribas Securities Services said it will provide trade management, collateral management and trade repository reporting to AIA in Hong Kong and Singapore.

AIA regional director of investment management, operations, Kong Siew Cheong said: “The quality of the support we receive through BNP Paribas’ global operating model is excellent, and the commitment and professionalism of the project team is highly commendable.”

“Each of our locations has its unique operational and regulatory challenges and the [BNP Paribas] team is able to partner with us to find flexible and effective solutions,” he said.

BNP Paribas Securities Services head of Asia Pacific Philippe Benoit said the firm is “delighted” to support AIA.

“We look forward to continuing the on-boarding process and partnering with them further in other service areas,” Mr Benoit said.

Read more:

ANZ restructures wealth division

'Indexing hugging' rampant, says PM Capital

First State Super switches custodians

Mercer urges super funds to 'tailor' strategies

New ESG reporting guidelines released

Related Articles

 

BNP Paribas wins AIA mandate
investordaily image
ID logo
promoted stories

Appointments

Robert Priestly

JP Morgan chair resigns ASX, Future Fund roles

Reporter

Robert Harrison

Equity Trustees hires BNP Paribas US CEO

Reporter

investordaily image

Future Fund restructures, property head departs

Tim Stewart

Analysis

investordaily image

Super shouldn’t be a lottery

Tim Stewart

investordaily image

Can infrastructure equities cope with rising rates?

James Lydotes

James Swanson

Is this as good as it gets?

James Swanson