BNP Paribas Securities Services has been selected by La Franaise AM to provide depository, custody, transfer agent and valuation services as the firm continues its global expansion.
La Franaise AM, a multi-specialist asset manager, has 35 billion in assets under management as of the end of last year. The firm has a focus on international development, with a subsidiary in Luxembourg and presence Spain, Switzerland, Italy, Germany, Benelux and the Nordics.
The mandate covers the management activities of divisions including La Franaise des Placements, LFP Sarasin AM, La Franaise Real Estate Managers and La Franaise AM International.
La Franaise AM subscribes to BNP Paribas Securities Services master-feeder cross-border solution, streamlining the global distribution of its UCITS funds.
BNP Paribas Securities Services and its 34 locations across the globe was the international partner we were looking for to accompany us in our development, says Xavier Lpine, chairman of La Franaise AM. Its local market, tax and regulatory expertise will be instrumental in the distribution of our funds abroad.
Gilliane Philip Courtines, head of relationship management for institutional clients in France at BNP Paribas Securities Services, adds: We have worked closely with La Franaise AM for several years and are delighted with this new vote of confidence which extends our mandate. Our partnership has an increasingly global focus and we have adapted our governance to meet the new challenges that lie ahead.
(CG)