Mandate win for BNP Paribas 17 July 2014London Reporter: Tammy Facey
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BNP Paribas Securities Services has mandated equity investment company Hansa Trust.
Under the agreement and in line with the Alternative Investment Fund Managers Directive (AIFMD), BNP Paribas will provide custody services and perform oversight duties to ensure shareholders interests are protected.
Stephen Thomas, CFO at Hansa Capital Partners LLP, said: “We have greatly benefited from BNP Paribas’s forward thinking. This has enabled us to become fully compliant more than one month prior to the AIFMD deadline."
AIFMD brings about significant changes for market participants running alternative investment strategies, commented Linda Morsia, head of UK trustee and depository services at BNP Paribas Securities Services.
“We are delighted to be working with Hansa,” she added.
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