BNP Paribas Securities Services (BNP Paribas) today announces the launch of its enhanced service for onshore and offshore private equity and real estate funds. In response to the growth in ever more sophisticated multi-jurisdictional, direct and indirect private equity and real estate funds, BNP Paribas has implemented a dedicated platform for funds domiciled both on and offshore, including those with entities in multiple jurisdictions. Dedicated operational teams provide transfer agency, fund administration and custody monitoring, together with a comprehensive suite of accounting, investor and regulatory reports.
Commenting on the launch, Maria Cantillon, head of alternative investment managers, BNP Paribas Securities Services said: “We are delighted to be able to respond to the growing demand for the servicing of ever more complex private equity and real estate fund structures. The infrastructure and dedicated operational teams that we have put in place are the first to deliver a truly integrated suite of middle and back office services for both onshore and offshore funds. Our clients therefore benefit from high levels of risk management and compliance controls, and a sophisticated suite of accounting, investor and financial reports providing transparency over the entire fund structure.”About BNP Paribas Securities Services
BNP Paribas Securities Services is a wholly-owned subsidiary of the BNP Paribas Group, delivering flexibility and commitment, backed by the strength of a leading universal bank.
Operating across the investment cycle, we provide post-trade administration solutions to buy-side and sell-side financial institutions and issuers. The Bank has a local presence across 32 countries and global coverage of over 100 markets, offering a one-stop shop for all asset classes, both onshore and offshore, across the globe.
With USD 5453 billion assets under custody, USD 920 billion assets under administration and over 6,000 funds administered*, BNP Paribas Securities Services is Europe's leading securities services provider and number 5 worldwide.
* as at 30 June 2010About BNP Paribas
BNP Paribas (www.bnpparibas.com
) is one of the six strongest banks in the world* and the largest bank in the eurozone by deposits. With a presence in more than 80 countries and more than 200,000 employees, including 160,000 in Europe, BNP Paribas is a leading European provider of financial services on a worldwide scale. It ranks highly in its three core activities: Retail Banking, Investment Solutions and Corporate & Investment Banking. In Retail Banking, the Group has four domestic markets: Belgium, France, Italy and Luxembourg. BNP Paribas is rolling out its integrated model across the Europe-Mediterranean zone and boasts a large network in the United States. BNP Paribas Personal Finance is the leader in consumer lending in Europe. In its Corporate & Investment Banking and Investment Solutions activities, BNP Paribas also enjoys top positions in Europe and solid and fast-growing businesses in Asia.
* Rated AA by Standard & Poor's i.e. 3rd rating level on a scale of 22.