Australian Unity Investments chooses custodian
Australian Unity Investments has appointed BNP Paribas Securities Services as its custodian and administrator.
The funds management arm of Australian Unity, which has over $7.36 billion in funds under management as of 30 June, said it chose BNP Paribas after an extensive market search.
“We determined that BNP Paribas had the strongest full service proposition in core custody together with middle and back office services for our asset management business and joint venture partners,” CEO of Australian Unity Investments David Bryant said.
He added the firm was attracted to BNP Paribas’ ongoing investments in technology and its support for Australian Unity Investments’ expansion plans.
BNP Paribas said it will partner with Australian Unity Investments to boost their operational processes, reduce risk and lift their performance where possible.
Recommended for you
The role of alternative investments is to diversify a portfolio and capture differentiated sources of return, according to UBS Asset Management.
Private investment opportunities are moving up on the list of what investors want from their financial advisers, according to Natixis IM, and over half of firms say they are offering them more strategies.
Two asset managers have each expanded their product suite with the launch of new global equity funds for Australian investors.
Perpetual has confirmed it is in exclusive talks with global investment company KKR regarding an acquisition of its corporate trust and wealth management businesses.
