BNP Paribas Securities Services announces successful onboarding of ACTIAM’s middle and back office activities - BNP Paribas Netherlands
BNP Paribas Netherlands News & Press
News & Press
September 11, 2017 -

BNP Paribas Securities Services announces successful onboarding of ACTIAM’s middle and back office activities

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BNP Paribas Securities Services has completed the onboarding of ACTIAM’s middle and back office activities in the Netherlands, representing EUR 54.1 billion in assets under administration. The mandate was announced in April 2017.

As part of the mandate, 54 staff members from ACTIAM’s operations teams have now transferred to BNP Paribas Securities Services, increasing the bank’s existing local expertise and capacity in the Netherlands.

The onboarding required the migration of over 400 portfolios worth EUR 54.1 billion, which are now administered by BNP Paribas Securities Services.

In addition, the bank also implemented a global custody mandate from ACTIAM’s parent company VIVAT, representing EUR 27 billion in assets under custody.

Hans van Houwelingen, CEO of ACTIAM commented: “We are very pleased with the successful migration of our 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.”

Robert van Kerkhoff, Head of BNP Paribas Securities Services Netherlands, added: “We are delighted to be working with ACTIAM and to expand our team in the Netherlands. This mandate marks a major milestone in our development in the country and underlines our commitment to the Dutch institutional market.”