Richelieu Finance Gestion Privee Selects BNP Paribas Securities As Depositary Bank

Richelieu Finance Gestion Prive, the French asset management company, has selected BNP Paribas Securities Services as depositary bank, transfer agent and fund administrator. BNP Paribas Securities Services will additionally provide middle office functions, investment reporting, as well as performance measurement

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Richelieu Finance Gestion Prive, the French asset management company, has selected BNP Paribas Securities Services as depositary bank, transfer agent and fund administrator.

BNP Paribas Securities Services will additionally provide middle-office functions, investment reporting, as well as performance measurement and analytics services. The migration, which was successfully finalised on 25 September 2006, represents more than 4.3 billion of assets under custody.

Richelieu Finance Gestion Prive decided to appoint BNP Paribas Securities Services on its quality of services, its comprehensive and flexible offer, as well as its robust expertise in assisting management companies. Richelieu Finance Gestion Prive can thus concentrate on its core business while leveraging and benefiting from BNP Paribas Securities Services technology investments.

“We are very pleased with our partnership with Richelieu Finance Gestion Prive,” says Bernard Blaud, the Head of Sales France at BNP Paribas Securities Services. “We have built this privileged relationship on a mutual trust and common interest for solutions specifically adapted to the development of their activities in France and Europe. This mandate underlines our unique expertise in meeting the particular needs of major institutional investors.”

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