Certitude Global Investments has handed BNP Paribas Securities Services a key mandate.
Certitude announced this week it had appointed the French-based company as custodian and administrator for 14 unit trusts accounting for almost $1 billion in assets under management.
Commenting on the move, Certitude chief executive Craig Mowll said the manager needed a global custodian that understood its future growth strategy in Australia.
“After a very thorough analysis of the market we found BNP Paribas’ large and ongoing investments in both people and technology solutions was very important to us and appointing them has allowed us to future-proof our operations as a part of our growth strategy,” he said.
