The Securities Services arm of BNP Paribas, a leading global custodian with over EUR 12,000 billion of assets under management, has been appointed by Monuta Verzekeringen NV (Monuta) to provide global custodian services for Monuta’s total invested capital of EUR 1.9 billion (as at 31 December 2023). In addition, BNP Paribas will provide financial and investment administration and regulatory reporting (including Solvency II) for Monuta.
Monuta specialises in arranging and insuring funerals. Established in 1923, the company is one of the leading players in the funeral sector in the Netherlands, with 1.4 million policyholders. The services provided by BNP Paribas, which Monuta will be utilising, are targeted towards the Dutch institutional investor. This involves tapping into the expertise of BNP Paribas’ operational and relationship management teams in Amsterdam.
“For over 100 years, the same mission has driven us at Monuta: we will do all we can to make every farewell feel good. This includes taking care of our customers from a financial and sustainability perspective, not only now, but also in the future. That is why we continuously renew and strengthen our approach. We are very pleased to have found BNP Paribas as a suitable partner in custody services and investment and sustainability reporting. We have successfully completed the migration and look forward to a fruitful collaboration.”
Ilse van den Bosch, CFRO of Monuta
“We are delighted that Monuta has selected us as their new asset services provider in the Dutch market. Winning this mandate once again demonstrates our strong position in the Netherlands and our ability to offer front-to-back solutions tailored to the needs of our insurance clients.”
Mark Schilstra, Head Securities Services Netherlands and Scandinavia of BNP Paribas
BNP Paribas Securities Services, a leading global custodian with EUR 11.1 trillion in assets under custody, has been appointed by ASN Impact Investors (ASN) to provide global custody services for ASN’s total invested assets of EUR 4.2 billion (as of 30 June 2023). BNP Paribas already provides services for ASN in the areas of financial and investment administration and related reporting and (statutory) accounting.
ASN draws on the global expertise of BNP Paribas Securities Services and will be supported by the operational and relationship management teams in Amsterdam. Founded in 1993, ASN Impact Investors manages sustainable investment funds with an innovative strategy, including the ASN Biodiversity Fund, which invests in protecting and restoring biodiversity worldwide. With its investment policy, ASN focuses on companies and projects with good financial prospects that accelerate the transition to a sustainable world with future-proof business activities.
‘We believe that companies, governments, and projects, that in addition to a good financial result also positively contribute to climate, biodiversity, and human rights, are the future. We therefore want to work with partners that have a similar commitment and who are truly committed to a sustainable world. We are convinced that we have found this in BNP Paribas Securities Services. Hence, we have confidence in a longstanding and fruitful collaboration.’
San Lie
CEO of ASN Impact Investors
We are very pleased that ASN Impact Investors has chosen us as their new custody services provider in the Dutch market. ASN’s choice for BNP Paribas highlights our strong position in the Netherlands and our ability to provide front-to-back solutions tailored to the needs of our Asset Manager relations
Mark Schilstra
Head of BNP Paribas Securities Services the Netherlands and Scandinavia
NHG (executor of the National Mortgage Guarantee) has appointed BNP Paribas as custodian to provide securities custody services, conduct the investment and financial administration, and provide regulatory and sustainability reports. NHG has entrusted the management of its invested (guarantee) capital of 1.6 billion euros to two asset managers.
Bjorn Jonkergouw, Manager finance, risk, compliance & business support at NHG: “We have been looking for a new custodian that highly values quality of service and sustainability, where we connected well with the customer service team, and with whom we want to work long-term. After an extensive and intensive tender process, supported by Monique Goossens from SecValeur, we opted for BNP Paribas, which best met our requirements and expectations.”
Mark Schilstra, Head of Securities Services Netherlands & Nordics at BNP Paribas: “We are pleased that NHG has chosen us as its new custodian and administrator. This appointment underlines our strong market position in the Netherlands and our ability to provide innovative solutions for our individual clients. Through our local platform and expertise, we can meet the specific needs of NHG. We offer them the required financial infrastructure and management reports, which will provide them with daily insights into their outsourced asset management.”
BNP Paribas’s Securities Services business, a leading global custodian with EUR 11.1 trillion in assets under custody, has been mandated by Coöperatie Univé U.A., based in the Netherlands, to provide tailored investment and financial administration, regulatory reporting and global custody services for its EUR 1.3 billion global assets.
Univé, a cooperative insurance company offering car-, home- and health insurances including other services to their 1.6 million members, appointed Securities Services at BNP Paribas as their global custodian to provide tailor-made investment and financial administrative solutions, and make use of the local expertise of their operational and relationship management teams in Amsterdam.
Arjen Schouten, CFRO, Coöperatie Univé U.A,: “Univé is a cooperative that put their members at the forefront of their strategy. From our providers we expect that same client focussed approach. We are confident that in BNP Paribas Securities Services business we found a committed and experienced provider that meets this expectation. We look forward to an extended, successful and trustworthy relationship.“
Mark Schilstra, Country Head for Securities Services at BNP Paribas in The Netherlands and The Nordics, said: “We are delighted that Univé have chosen us as their new asset services provider in the Dutch market. This mandate win highlights our strong position in the Netherlands and ability to offer front-to-back solutions tailored towards our insurance clients’ needs.”
BNP Paribas Securities Services, a leading global custodian with EUR 11.9 trillion in assets under custody, has been mandated by Teslin Capital Management to provide tailored investment and fund administration, depot bank and global custody services for its EUR 1.2 billion global assets.
Teslin Capital Management, a long-term investor focused on small and midcaps in The Netherlands and other European capital markets, will benefit from BNP Paribas Securities Services’ tailor-made solutions, extensive network and dedicated local client support team.
Mark Schilstra, Country Head at BNP Paribas Securities Services in The Netherlands and The Nordics, said: “We are delighted that Teslin Capital Management have chosen us as their new asset services provider in the Dutch market. This mandate win highlights our strong position in the Netherlands and ability to offer front-to-back solutions tailored to our clients’ needs.”
Koos van der Helm, Manager Finance, Operations & Risk at Teslin Capital Management, said: “We were impressed with BNP Paribas’s capabilities and solutions and their ability to meet our specific needs and requirements for the benefit of our clients. We are very much looking forward to a long-term relationship between our organisations.”
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BNP Paribas Securities Services, BNP Paribas’ global custodian with EUR 10,100 billion in assets under management, has strengthened the organization with John Gout as senior sales executive institutional relations.
John’s arrival is in line with BNP Paribas’ strategy to further expand the growth in the Dutch institutional market. John has over 25 years of experience in the financial sector and has worked at various international financial institutions active in the Dutch institutional market.
Mark Schilstra, Country Manager Netherlands & Nordics at BNP Paribas Securities Services, added: “We are pleased with John’s arrival to further develop our strong growth in the Dutch institutional market. In recent years we have developed a proposition for Asset Owners and Asset Managers in which the strength of our global custody network is combined with local knowledge of accounting and legislation and regulations. Among other things, we focus on complete insourcing of all non-core tasks of our customers. This has led to a growing customer base representing approximately EUR 400 billion Assets under Custody and Assets under Administration. John’s knowledge and experience will help us to further boost this growth and further strengthen our market position. “
A BNP Paribas Securities Services survey of asset managers and owners* incorporating ESG strategies reveals further ESG integration by investors, with over 65% of respondents aligning their investment framework with the UN Sustainable Development Goals (SDGs). Data and technology costs remain barriers to ESG integration, but investors are optimistic, with over 90% predicting more than 25% of their funds will be allocated towards ESG by 2021.
The key findings of the ESG Global Survey 2019 include:
- Stronger commitment to ESG investment vs 2017: 75% of asset owners and 62% of asset managers hold 25% or more of their investments in funds incorporating ESG (vs 48% and 53% in 2017).
- The UN SDGs are a new compass: 65% of respondents align their investment framework with the SDGs, mainly by setting SDG-related revenue targets for investee companies.
- Data and technology costs are barriers: As was the case in 2017, data remains the biggest barrier – ahead of costs, a lack of advanced analytical skills and greenwashing risks. One-third of respondents cite technology costs as a barrier to ESG integration (doubling from 16% in 2017).
- The outperformance factor: 52% of respondents ranked ‘improved long-term returns’ in their top three reasons for ESG investment. 60% of all respondents expect their ESG portfolios to outperform over the next five years.
- New jobs in ESG investing: Tendency to upskill employees and create new jobs by recruiting from non-traditional backgrounds (29% of respondents).
Florence Fontan, Head of Asset Owners at BNP Paribas Securities Services, said: “ESG investment is becoming increasingly important for investors, and our survey highlights investors’ appetite to pursue both purpose and performance. However, practical integration has its challenges due to data and technology barriers, and deep ESG investment is still finding its feet. The next two years will be critical to achieving the right investment mix, technology and skills in place.”
You can download the report here: ESG report
*347 institutional investors incorporating ESG strategies were interviewed for the survey