AXA Investment Managers (AXA IM) has extended its existing partnership with BNP Paribas Securities Services to include settlement agency services in Latin America through BNP Paribas’ membership to the National Securities Clearing Corporation (NSCC) regional clearing platform.
By connecting to NSCC, AXA IM can make its funds available to brokers in Latin America, as the investment manger is looking to expand its global presence .
“Latin America is a key target market for us as the doors into the region are opening. This deal sees the extension to Latin America of AXA IM’s ‘Offer to meet Needs Everywhere’ (ONE) — a highly successful client service platform already in place in Europe and Asia. We want to make it as easy as possible for clients to invest with us and the ONE platform was designed to provide simple and efficient access for investors to AXA IM’s fund ranges. BNP Paribas has shown constant support in our international expansion, providing expertise in regulatory change and distribution trends locally,” says Joseph Pinto, chief operating officer at AXA IM.
“We applaud AXA IM for this move into Latin America and are very happy they have chosen to appoint us. European asset managers have their sights fixed on Latin America, but there are several barriers which are causing them to hesitate. We believe that a fuller understanding of the region will allow many more managers to take advantage of the opportunities there,” says Jean Devambez, head of asset and fund solutions, BNP Paribas Securities Services.
AXA Investment Managers Connects to Latin America through BNP Paribas
AXA Investment Managers (AXA IM) has extended its existing partnership with BNP Paribas Securities Services to include settlement agency services in Latin America through BNP Paribas' membership to the National Securities Clearing Corporation (NSCC) regional clearing platform.