Published On: Wed, Jun 26th, 2013

BNP Paribas Securities Services Extends Dealing Services to Australia

Natalie Floate, head of market and financing services BNP Paribas Securities Services, Asia

Natalie Floate, head of market and financing services BNP Paribas Securities Services, Asia

BNP Paribas Securities Services (BNP Paribas), a global custodian with over USD$7 trillion assets under custody, announced 26 May the expansion of its global ‘Dealing Services’ solution to asset managers and asset owners in Australia.

A dealing desk is used to identify and access liquidity in markets and follow best execution practices, which requires a team of professional dealers and significant investment in IT infrastructure. This function until recently has largely been the domain of asset managers, however as superannuation funds are increasingly making their own
investments and investment managers seek efficiency gains, the need for outsourced services is increasing.

BNP Paribas’ service offers immediate access to an established platform with experienced and specialised dealers to asset managers and asset owners with in-house fund management capabilities.

Pierre Jond, managing director of BNP Paribas Securities Services Australia & New Zealand, commented: “The Dealing Services solution is a real differentiator for us. Previously, alternative outsourced solutions may have required users to end their established broker relationships – and the associated benefits, such as access to research and market news. This new offering allows clients to keep their existing broker panel, while improving dealing efficiency and cutting costs, making it a highly compelling proposition.”

Natalie Floate, head of market and financing services at BNP Paribas Securities Services, Asia Pacific, added: “This solution is attractive, as it can be implemented for a specific asset class or market only, and is offered stand-alone or within a suite of custody services. Our dealers are neutral in their interactions with brokers, guaranteeing full
alignment with clients’ interests”.

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