The funding will be used for accelerating market adoption of the HQLAx platform by expanding product scope and functionality, while further extending connectivity to the industry
ASIFMA’s board of directors — the association’s governing body — is composed of 28 senior representatives from member firms, including BlackRock, Bank of America and BNP Paribas
"This consolidates our position as the fourth leading provider of depositary banking services in Spain and as the first depositary bank for independent asset managers in the country," says BNP Paribas' Soledad Lecube
Tucker comments: “I’m thrilled to join Drawbridge at such an exciting time in the company’s history to expand our culture of service excellence, enhance client delivery and ensure our clients maximise their use of the Drawbridge platform.”
As part of this mandate to service Provinzial Asset Management’s entire investment fund portfolio, BNP Paribas Securities Services, as the global custodian, will provide investment services throughout the investment process
This partnership arrives as the Sustainable Finance Disclosure Regulation comes into force in 2021, requiring asset managers to disclose the ESG risks in their portfolios for the first time