BNP Paribas Securities Services launched an administration service for alternative assets to help Australian institutional investors manage their private equity, infrastructure and real estate investments more efficiently.
The service gives Australian funds access to detailed risk analytics and performance reporting which simplifies the management of multiple investments. It also gives investors the ability to meet compliance and auditing requirements by accurately assessing underlying risk and exposure.
Michael Rooney, general manager of finance and compliance at Media Super, an Australian Superannuation client of BNP Paribas, said that access to the correct information was crucial to managing risk and meeting compliance requirements.
“Having in-depth reporting and analytics eradicates spreadsheets and gives us a way to forecast liquidity,” said Rooney, “and that is a big plus for us. We look forward to developing our alternative portfolios.”
