BNP Paribas Securities Services Completes Martin Currie Outsourcing Deal

BNP Paribas Securities Services says it has completed the absorption of the back office, fund administration and fund accounting functions of Martin Currie Investment Management in Edinburgh
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BNP Paribas Securities Services says it has completed the absorption of the back office, fund administration and fund accounting functions of Martin Currie Investment Management in Edinburgh.

“We sought the services of BNP Paribas to help develop our business, and to provide an improved service to our clients,” says Ralph Campbell, Finance Director at Martin Currie. “With the completion of the transition of our back office and fund accounting to BNP Paribas, we have been able to do just that. This has been an extremely successful deal, which has benefited both organisations – and, critically, our clients. We are now free to concentrate on our over-riding objective: delivering consistent, superior investment performance for the people whose money we manage.”

Edinburgh-based Martin Currie, a specialist equity investment manager running approximately 14 billion for clients, agreed to outsource its back office and fund accounting services to BNP Paribas Securities Services in the final quarter of last year. Just under twelve months later, the transition is complete.

“In a climate of outsourcing deals often not coming to fruition, only twelve months on from the initial announcement, the Martin Currie deal has been a resounding success,” says Stephen Turner, head of global fund services at BNP Paribas Securities Services in London. “It is testament to the mutually beneficial terms of the deal and the efficient way in which the two companies have worked together for the benefit of everyone involved.”

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