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.
Recommended for you
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.
Private market secondaries manager Coller Capital has unveiled a new education platform to improve advisers’ and investors’ understanding of secondaries.
