London / Paris - BNP Paribas Securities Services has received ISO 9001 certification for its Fund Administration operations in France, an activity carried out by affiliate company BNP Paribas Asset Servicing. The certification covers Fund Administration and Legal Reporting, and was awarded following an audit by the certification agency BVQI.
ISO 9001 is an internationally-recognised, independent standard that attests to the quality of an organisation's management, operating procedures and internal controls. This is the second certification for BNP Paribas Securities Services in France, as it already has ISO 9001 certification for its Fund Compliance and Trustee activity.
Commenting on the certification, Pierre Vrielinck, Head of BNP Paribas Asset Servicing in France said: “The quality of data remains an area of major concern for asset management companies. Obtaining ISO 9001 certification demonstrates our commitment to respond to this concern by adopting measures that allow us to ensure a high level of quality and operational integrity.”
Philippe Ricard, Global Head of Fund Service Operations for BNP Paribas Securities Services, added: "After having completed the first fund administration and middle office outsourcing transaction in France, ISO 9001 certification underlines our commitment to excellence in serving the asset management industry. This is a clear endorsement of our operations in France, as well as a tangible confirmation of the progress we are making in rolling out the most exacting quality standards across all our operational units worldwide.”Note to Editors:
BNP Paribas Securities Services is a leading securities services provider to the world's financial institutions, with a local presence in all key European markets and Australasia. With 3,600 dedicated staff in 17 countries, BNP Paribas Securities Services has over 600 clients, including 8 of the world's top 10 investment managers, and a global custody network covering 75 markets.
It holds over Euro 2.7 trillion assets under custody and Euro 440 billion assets under administration for over 4,000 funds worldwide. In 2004, BNP Paribas Securities Services processed over 23 million transactions.
Celeste Matta-Brown, Corporate Communication, London +44 20 7595 4653
Ruth Lavelle, Corporate Communications, London +44 20 7595 3828
Jonathan Mullen, Corporate Communications, London +44 20 7595 2773