BNP Paribas Provides Fund Services to UCITS-Compliant Vietnam Equity Fund

BNP Paribas Securities Services has supported the launch of Dragon Capital’s UCITS-compliant, actively managed Vietnam equity fund.

Launched in September, the fund gives international investors exposure to Vietnam’s blue-chip companies. Dragon Capital is one of the largest fund managers in the IndoChina market with around $1 billion in assets under management including equities, private capital, fixed income and real estate.

Following a competitive tender, BNP Paribas Securities Services designed and rolled-out a tailor-made fund solution including global custody, fund accounting, transfer agency and trustee services, for Dragon Capital’s Vietnam fund.

Dominic Scriven, chief executive officer at Dragon Capital, says, “This is an exciting time for the fast growing IndoChina region. Our strategy for aggressive regional and international expansion is possible because we work with partners like BNP Paribas who provide us with the essential support, scalability and flexibility that suit our ongoing growth plans.”

Mostapha Tahiri, head of BNP Paribas Securities Services Singapore, who is also the bank’s Asia head of asset and fund services, says, “We look forward to helping Dragon Capital grow their assets as they expand around the region and then to Europe.”