BNP Paribas launches alternative asset admin service
French-based BNP Paribas Securities Services has this week launched an administration service for alternative assets which it says is aimed at helping institutional investors manage their private equity, infrastructure and real estate investments more efficiently.
Announcing the new product launch, BNP Paribas Securities Services Australia and New Zealand managing director Pierre Jond said it had been developed in response to increasing demand for greater transparency around alternatives from regulators and investors in Australia.
He said that, as a result, the bank had adapted its global fund administration capabilities to the requirements of Australian superannuation funds and insurers.
Jond said the service would give Australian funds access to detailed risk analytics and performance reporting which would simplify the management of multiple investments.
"This new service helps our clients better understand their funds' risk exposure in the context of their broader portfolio," he said.
AUTHOR
Staff Writer
Recommended for you
Financial advisers and wealth managers need to exceed their clients’ desires for personalisation, a new EY report writes, and the requirements for this will vary between client segments.
Betashares chief executive, Alex Vynokur, believes technology advancements will enable banks to return to financial advice in the future as the need for advice is greater than ever.
Centrepoint Alliance has upgraded its expected financial results for FY24, thanks to strong adviser recruitment and the acquisition of Queensland advice firm Financial Advice Matters.
The corporate regulator has permanently banned a Melbourne-based financial adviser that “dishonestly attempted to induce clients to transfer their superannuation into a bank account he controlled”.
