Australian fund keeps faith in BNP Paribas 18 February 2013London and Sydney Reporter: Jenna Jones
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The Australian Catholic Superannuation and Retirement Fund (ACSRF) has reappointed BNP Paribas Securities Services to provide custody and fund administration services to its AUD 4.5 billion investment portfolio.
ACSRF chose BNP Paribas based on its technology offering and capabilities in performance measurement and reporting, mandate compliance, unit pricing and fund accounting.
Greg Cantor, CEO of ACSRF, said: “After evaluating several competitive bids, BNP Paribas stood out as the best fit for our requirements.”
“We first appointed them in 1995, and at each review since, they have continued to demonstrate an ability to meet our needs, innovation, and ongoing investment in technology. The trustee board is excited about BNP Paribas’ pipeline of further innovations.”
Pierre Jond, managing director of BNP Paribas Securities Services of Australia and New Zealand, said: “We are delighted to continue this successful long-term partnership.”
“The superannuation sector is of key strategic importance to the business on both a global and local basis and success stories such as this highlight our ability to service this sector.”
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