BNP Paribas signs up Janus Henderson Singapore funds

BNP Paribas will provide custody and other services to Janus Henderson Investors’ Singapore-domiciled funds.
By Paul Walsh
BNP Paribas has continued to add new custody clients in 2017 with the extension of its relationship with asset manager Janus Henderson Investors.

As part of the extension, Janus Henderson Investors has migrated its custody, fund administration, middle office, trustee and transfer agency services for its Singapore-domiciled funds to the French bank.

The migration extends BNP Paribas’ existing relationship with the asset manager as its middle-officer provider, fund administrator and custodian. Its existing relationship covers markets in the UK, Continental Europe and Australia.

“We are pleased to be extending our strategic partnership with BNP Paribas through this appointment,” said Sophia Rahmani, chief operating officer for Pan Asia at Janus Henderson Investors.

“The depth of our global relationship with BNP Paribas and efficiency of our operating model are key to us providing high quality services to our clients. We look forward to a long and successful relationship with BNP Paribas in Singapore.”

The extension is the latest development for BNP Paribas in 2017 following a number of custody mandate wins.

Earlier this year it revealed mandates with Asian Infrastructure Investment Bank (AIIB) and Fondo Pensione PRIAMO.

BNP Paribas will take on $20 billion of new assets from the AIIB providing custody and other value-added services.

In addition the Italian pension fund for public transport employees Fondo Pensione PRIAMO selected BNP Paribas for its €1.3 billion portfolio.

“We are proud to have extended our trusted relationship with Janus Henderson to Singapore,” said Mostapha Tahiri, head of South East Asia at BNP Paribas Securities Services.

“This should help provide them with significant operational efficiencies across Asia.”