Amsterdam
06 December 2017
Reporter: Stephanie Palmer

Dutch custody mandate win for BNP Paribas


BNP Paribas Securities Services has been selected as global custodian for Ahold Pensioenfonds, the €4.5 billion pension fund of Dutch supermarket group Ahold Delhaize.

As well as custody services, BNP Paribas will provide investment accounting, compliance services, regulatory reporting, performance measurement and risk reporting. The mandate is effective from 1 January 2018

According to BNP Paribas, the mandate is further development in its securities services offering in the Netherlands, following the acquisition of an asset administration platform in the country earlier this year.

John de Waal, senior director of finance and risk at Ahold Pensioenfonds, said: “After an extensive selection process we selected BNP Paribas Securities Services as our new custodian. BNP Paribas Securities Services offers local services tailored to our needs and requirements, supported by a solid global custody organisation.”

Robert van Kerkhoff, head of BNP Paribas Securities Services in the Netherlands, added: “We are delighted to welcome Ahold Pensioenfonds as a client. This mandate win underlines our growing strengths in the Dutch institutional market and our ability to deliver operational innovation and service quality to major institutional investors in the Netherlands.”

More news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Commcise partners with RSRCHXchange for MiFID II
14 December 2017 | London | Reporter: Jenna Lomax
The collaboration allows research consumption data to be passed from the RSRCHX platform to Commcise via an API
Euronext’s ARM and APA approved
14 December 2017 | Paris | Reporter: Stephanie Palmer
Euronext has been approved by the French regulator to provide approved publication arrangement and approved reporting mechanism services to investment firms in Europe, under MiFID II
Automated derivatives processing platform gets Citi and J.P. Morgan on board
14 December 2017 | New York | Reporter: Stephanie Palmer
truePTS is intended to automate derivatives processing, removing the operational risks of manual processes and addressing regulatory and cost pressures in the space
Murex to run MX.3 platform on AWS cloud
13 December 2017 | Paris | Reporter: Becky Butcher
Murex has collaborated with Amazon Web Services to allow its clients to deploy, test and optimise its MX.3 platform on the cloud
Northern Trust appoints Edwin Chan
13 December 2017 | London | Reporter: Becky Butcher
Edwin Chan has joined Northern Trust to head up sales across the alternatives fund sector in Europe, the Middle East and Africa
Firms remain open to exposures from manual processes
13 December 2017 | New York | Reporter: Becky Butcher
Only 2 percent of capital markets companies have a fully automated compliance support programme, leaving firms open to risk from manual processes, according to a survey by Aite Group and Cordium
Oslo Connect receives regulatory upgrade
12 December 2017 | Stockholm | Reporter: Becky Butcher
Baymarkets Technology is to upgrade Oslo Børs’s OTC system, Oslo Connect, to support regulatory demands such as those under the second Markets in Financial Instruments Directive (MiFID II)
More news