BNP Paribas Securities Services, a leading global custodian with USD 9 trillion in assets under custody, has been appointed by ACTIAM as its service provider for middle and back office asset management operations, fund and investment accounting and reporting services.
ACTIAM, a leading Dutch asset management firm, has EUR 56 billion in assets under management and focuses on responsible investing.
The mandate underlines the strong commitment of BNP Paribas Securities Services to the Netherlands and will enable the bank to build on its existing capabilities in the country.
As part of the mandate, which is subject to closing conditions, ACTIAM’s operational team will join BNP Paribas Securities Services in the Netherlands. Following closing, the bank will benefit from the team’s expertise and knowledge of ACTIAM while the ACTIAM operations team will become part of a specialist asset servicing provider with access to the latest technologies and an extensive network covering 27 countries.
BNP Paribas Securities Services was selected for its international reach and track record as a leading multi-asset service provider as well as its long-term focus and strong solvability ratios.
Robert van Kerkhoff, head of BNP Paribas Securities Services in the Netherlands, said: “We are delighted to partner with ACTIAM, a leading asset manager in the Netherlands. This is an important move to accelerate our development in the country. By combining the high quality platform of ACTIAM with our global capacity, we believe we can bring a new approach to servicing the local institutional market.”
Hans van Houwelingen, CEO of ACTIAM, said: “In this fast changing world, we decided to partner with a long-term asset servicing provider for middle and back office asset management operations, fund and investment accounting and reporting services. By partnering with BNP Paribas Securities Services, we will be able to focus on our core business of responsible investing and on servicing our customers. Besides that, we can accelerate our international ambitions.”