BNP Paribas Securities Services has created a new monthly MiFID-compliant investment report for asset manager clients.
KBL Richelieu Gestion – a subsidiary of KBL Richelieu Banque Privée and member of European group KBL European Private Bankers – has subscribed all its funds to the investment report, which can be tailored to the specific needs of each company.
To meet the market’s growing need for investment reports, BNP Paribas Securities Services has set up an open architecture in which it is possible to integrate portfolio data from a multitude of sources. BNP Paribas collects information on behalf of its clients, augments it with market data, calculates various risk and performance indicators and breaks the reports down by sector. KBL Richelieu Gestion predefined both the content and form (white label) of its investment report or factsheet, providing a investment report ready for distribution to its clients.
Cyril Delionnet, corporate secretary at KBL Richelieu Gestion, comments, “We chose BNP Paribas Securities Services for its reliability and for the quality and expediency of its services, as they were able to produce our factsheet within a short time frame. Outsourcing the production of this report to an independent institution guarantees transparency for our investor clients. It also gives us the opportunity to simplify and streamline our processes, while staying in control of data”.
KBL Richelieu Gestion uses a non-indexed active management approach that relies on a structured and disciplined investment strategy and stock selection governed by investment rules.
Commenting on the deal, Gilliane Philip-Courtines, head of client relations for institutional investors (France) at BNP Paribas Securities Services, said, “We are very pleased that we could meet the expectations of KBL Richelieu Gestion. This collaboration means that we can now offer our customers a standardized, industrial-scale reporting solution that is flexible enough to adapt to the individual requirements of each asset management client”.
BNP Paribas Launches MiFID-compliant Investment Reports for Asset Managers
BNP Paribas Securities Services has created a new monthly MiFID-compliant investment report for asset manager clients.
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