Home   News   Features   Interviews   Magazine Archive   Industry Awards  
Subscribe
Securites Lending Times logo
Leading the Way

Global Asset Servicing News and Commentary
≔ Menu
Securites Lending Times logo
Leading the Way

Global Asset Servicing News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Industry news
  3. BNP Paribas launches UK trustee and depository service
Industry news

BNP Paribas launches UK trustee and depository service


30 January 2013 London
Reporter: Georgina Lavers

Generic business image for news article
Image: Shutterstock
BNP Paribas Securities Services has expanded its independent Trustee and Depository service out to the UK market, in light of the AIFMD. ??

James McAleenan, head of BNP Paribas Securities Services UK said: “The impact of AIFMD will be significant for UK fund managers, requiring implementation of new infrastructures, new distribution networks and for certain businesses new legal frameworks. This is not a simple process and with less than six months to go, poses serious challenges for our industry.

"This launch reinforces our continuous commitment to the UK market and is in line with our strategic objectives to support unit and investment trusts, as well as other Open Ended Investment Companies (OEICs) in the UK, which are both UCITS and non-UCITS compliant, particularly ahead of the AIFMD deadline.”
← Previous industry article

Sanne Group buys into State Street Jersey
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
Advertisement
Subscribe today
Knowledge base

Explore our extensive directory to find all the essential contacts you need

Visit our directory →

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →