Prime funds for BNP Paribas
01 August 2014 London
Image: Shutterstock
Global custodian BNP Paribas Securities Services is acquiring Prime Fund Services (PFS) from Credit Suisse.
PFS is a provider of fund administration, custody and banking solutions for alternative investment managers and will allow BNP Paribas Securities Services to develop its global fund administration franchise.
The transaction will result in a global fund administrator service to alternative investment managers that will service over $231 billion of alternative assets.
Clients will benefit from a service combined of PFS’ administration expertise and BNP Paribas Securities Services’ custody and depositary network.
It is expected that the transaction will close in the first half of 2015.
PFS is a provider of fund administration, custody and banking solutions for alternative investment managers and will allow BNP Paribas Securities Services to develop its global fund administration franchise.
The transaction will result in a global fund administrator service to alternative investment managers that will service over $231 billion of alternative assets.
Clients will benefit from a service combined of PFS’ administration expertise and BNP Paribas Securities Services’ custody and depositary network.
It is expected that the transaction will close in the first half of 2015.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
