Carmignac has selected BNP Paribas Securities Services to provide global custody, depository banking and transfer agent services covering its entire range of French fund products.
The custody and depository services mandate from Carmignac represents €44 billion in assets.
BNP Paribas Securities Services already provide custody and depository services to the Carmignac portfolio fund range in Luxembourg.
Patrick Colle, general manager of BNP Paribas Securities Services, said: "This new mandate reflects the strength of our relationship with Carmignac. This partnership will allow Carmignac to improve operational efficiency and take advantage of our global model and technology-driven approach.”
Franck Dubois, head of BNP Paribas Securities Services France and Belgium, commented: “We are delighted that Carmignac has entrusted us with this mandate in France. Carmignac is a leader in asset management, well known for its innovative distribution model, and will benefit from our global and multi-local expertise as well as from our comprehensive range of services.”
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