Malaysian Asset Manager Appoints BNP Paribas for UCITS Funds

Hwang Investment Management in Malaysia has mandated BNP Paribas Securities Services to provide services to four UCITS funds.
By Janet Du Chenne(59204)
Hwang Investment Management in Malaysia has mandated BNP Paribas Securities Services to provide services to four UCITS funds.

HwangIM appointed BNP Paribas for global custody around their flagship Asian Series portfolio, expected to launch in January 2014, as well as fund administration, transfer agency, investment risk and performance reporting and trustee services. HwangIM chose UCITS because of the ease of access to multiple markets created by the harmonized UCITS framework. 



Following a competitive tender, BNP Paribas secured the mandate based on its “Asia client window”, a client-service framework through which it delivers its complete suite of investor services locally. Distributors have access to trade services and local support during Asian working hours via BNP Paribas’ Singapore window, while the bank’s local team leads the client service relationship and can instruct other de-localized client-service teams on best practices for Asian clients. 



Esther Thye, chief sales officer, Hwang Investment Management said, “We selected BNP Paribas based on their expertise in cross-border fund distribution. We believe their solutions would give us a competitive edge that would help to underpin our expansion plans in Asia and Europe. I am very pleased with this strategic partnership.” 

“BNP Paribas is doing its utmost to introduce innovation into the servicing relationship between custodian and client. Through events such as their Asset Manager Selection Day, we have been able to meet European distributors with whom we have significantly aligned interests. We look forward to working with BNP Paribas.” 



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