BNP Paribas set for Dutch expansion 11 April 2017Utrecht Reporter: Stephanie Palmer
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BNP Paribas is expanding its presence in the Netherlands, having been appointed as service provider to Dutch asset management firm Actiam.
With €56 billion in assets under management, Actiam focuses on responsible investment.
As part of the mandate, Actiam’s 54-strong operational team with join BNP Paribas in the Netherlands, allowing the bank to build on its existing capabilities in the country.
According to BNP Paribas, the mandate was down to the bank’s international reach and track record as a multi-asset service provider.
Robert van Kerkhoff, head of BNP Paribas Securities Services in the Netherlands, said: “We are delighted to partner with Actiam, a leading asset manager in the Netherlands. This is an important move to accelerate our development in the country.”
“By combining the high-quality platform of Actiam with our global capacity, we believe we can bring a new approach to servicing the local institutional market.”
Hans van Houwelingen, CEO of Actiam, added: “In this fast-changing world, we decided to partner with a long-term asset servicing provider for middle- and back-office asset management operations, fund and investment accounting and reporting services.”
“By partnering with BNP Paribas Securities Services, we will be able to focus on our core business of responsible investing and on servicing our customers. Besides that, we can accelerate our international ambitions.”
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