BNP Paribas secures UK pension fund assets 01 October 2013Oxfordshire Reporter: Georgina Lavers
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BNP Paribas Securities Services has on-boarded the assets of Oxfordshire County Council’s £1.5 billion pension fund as part of a mandate to provide global custody and valuation reporting services.
There is also scope to expand the relationship into securities lending and performance measurement.
Sean Collins, head of pensions for the Oxfordshire fund, said: “We were particularly impressed with the approach set out by BNP Paribas, to work with us to manage the transition, and then to develop their systems and reporting suites to meet our specific needs here in Oxfordshire. Their flexibility was a key differentiating factor, and we felt they were offering us a service rather than simply looking to provide an off-the-shelf solution.”
Annalisa Winge Bicknell, head of institutional investor sales and relationship management, BNP Paribas Securities Services UK, said: “We are very pleased to have secured this mandate from Oxfordshire and we look forward to developing a long-term relationship with them.
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