Fund management firm Northcape Capital has appointed BNP Paribas Securities Services as its master custodian and administrator.
BNP Paribas Securities Services will provide Northcape Capital, which currently has $8 billion in assets under management, with custody and administration services, including middle office services.
“A primary focus area at Northcape is to consistently align ourselves with client needs and expectations as they become apparent,” Northcape operations manager Sean Cunningham said.
“A global partner of the calibre of BNP Paribas Securities Services will ensure the investment administration needs of our expanding business are met.”
BNP Paribas Securities Services head of Australia and New Zealand, David Braga, said Northcape appreciated the “breadth” of the firm’s custody network.
“We are also pleased to be able to assist Northcape in its growth strategy to become a global manager with a focus on emerging markets."
"Helping our partners grow is a major part of our focus,” Mr Braga said.
Read more:
Senate hands down report on MIS failures
'More of the same' from ECB: Nikko AM
Total in force group business hits $6bn
The COVID crisis has revealed how central banks have amplified wealth inequality in recent years, according to Schroders, with its head of A...
Australia has seen another drop in unemployment ahead of the removal of JobKeeper. ...
Joe Biden has been sworn in as President of the US and signalled that the superpower will retake its leading role in the climate debate. ...
Get notifications in real-time for staying up to date with content that matters to you.
Read More