Back Office & Operations

BNP Paribas Securities Services targets HF/FoF admin growth

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BNP Paribas Securities Services has rolled out a new investment programme to expand its hedge fund and fund of hedge fund administration services — for both UCITS and offshore funds.

Building on its existing services, the custodian bank’s new programme aims to offer improved transparency through enhanced tri-party reconciliations between fund, administrator, counterparties and prime brokers.

It is designed to offer better control via a flexible platform, capable of adapting to market changes through a broader range of automatically processed over-the-counter instruments, combined with collateral management, independent valuation and asset protection structures.

The programme offers comprehensive fund reporting