The Chicago-based custodian will provide custody and foreign exchange services to the Misaki Engagement Master Fund.
BNP Paribas has made a number of senior appointments to its Asia-Pacific securities services team in recent months.
The introduction of Japanese funds onto the FX settlement service follows a multi-year effort to onboard the Japanese buy-side community to CLSSettlement.
The project has been three years in the making following regional counterparts Hong Kong, Korea and Thailand in making the transition.
Nomura and Mizhuo Financial will join other Japanese banks in testing a blockchain platform for derivatives contracts.
Rami Cimafranca to head up integrated prime brokerage in Japan.
New Japanese policies are making it more attractive for institutional investors according to a BNY Mellon report.