BNP Paribas Securities Services has launched a depositary lite service under the Alternative Investment Fund Managers Directive (AIFMD), and the service is aimed at asset managers distributing non-European AIFs into Europe.
The depo lite offering will include safekeeping, oversight and cash monitoring of assets to a client base including managers of hedge funds, funds of hedge funds, private equity and real estate funds, on either a single or multi-provider basis as per the clients’ needs.
“This offering is a subset of our full depositary service, enabling clients to benefit from our expertise in each asset class and our 20-year track record in depositary banking,” says Arnaud Claudon, head of depositary and fiduciary services at BNP Paribas Securities Services. “With an on-the-ground presence in all major European domiciles, we bring our clients the benefit of local expertise combined with a global scale.”
BNP Paribas Offers Depo Lite for Non-European Funds
BNP Paribas Securities Services has launched a depositary lite service under the Alternative Investment Fund Managers Directive (AIFMD), and the service is aimed at asset managers distributing non-European AIFs into Europe.
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