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BNP Paribas SS launches depositary service
13 May 2014
The new service will help asset managers comply with AIFM directive
BNP Paribas SS
BNP Paribas Securities Service has launched an alternative
investment fund management directive (AIFMD) depositary
The service is aimed at asset managers distributing
non-European alternative investment funds into Europe and
will help them comply with the AIFM directive.
"This offering is a subset of our full depositary service,"
said Arnaud Claudon, head of depositary and fiduciary
services at BNP Paribas Securities Services
BNP Paribas Securities Services will offer safekeeping,
oversight and cash monitoring of assets within the service.
The AIFM directive is a European directive designed to
introduce heightened security and investor protection to the
European fund management landscape.