The bank’s offer includes fund administration, global custody, depot bank and reporting services cost-free at the feeder level in certain circumstances.

 

Philippe Ricard, head of asset and fund services, BNP Paribas Securities Services, says: “We work extensively with asset managers so we understand their challenges. Our solution combines local expertise and global connectivity with a robust global platform to help our clients make the most of UCITS IV. Clients are at the heart of everything we do, and it is thanks to our geographic reach and integrated technology that we can pass significant cost savings onto them.”

 

The BNP Paribas solution gives asset managers a 360 degree view into the master providing a consolidated view of each fund, while automated fund dealing reduces the number of manual functions required of asset managers. The bank’s synchronized operations, single platform and global operating model maximize market opportunities for asset managers, and optimize performance alignment of master-feeder structures. This grants end investors smoother access to their final investments.

 

“As the largest UCITS service provider in Luxembourg, we are firm believers in the global UCITS brand,” Harwood-Jones explains. “Increasing efficiency and reducing costs in line with the directive is unequivocally the best response to this market development. We see our solution as a key enabler; contributing to clients’ success, bringing more assets under UCITS and ultimately contributing to the industry’s long-term success.”

 

The BNP Paribas solution is the latest development within AlphaSuite, the bank’s full range of services for asset managers. The bank’s geographic presence includes on-the-ground teams in 32 countries across Europe, Asia-Pacific and the Americas.