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
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
