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.