Clearwater Analytics has partnered with BNP Paribas’ Securities Services business to offer investment accounting and reporting solutions that are combined with the bank’s custodian services.
The mandate will combine Clearwater Analytics’ value proposition and investment lifecycle solutions with BNP Paribas Securities Services’ business platforms.
The partnership will open business opportunities with asset owners across the bank’s custody network, the bank says.
Joint customer INTÉRIALE Mutual, a French-based insurance company, has already agreed to use the combined services.
Clearwater’s data management and reporting is used by insurance providers and organisations to view their investment portfolios to act on capital allocation data. It also enables daily aggregation, reconciliation and book-of-record reporting.
Backed by a global client servicing team, Clearwater has a client base in the US, Europe and Asia.
Arnaud Claudon, head of the asset managers and asset owners client lines, Securities Services at BNP Paribas, says: “We are delighted to offer robust and complete solutions dedicated to institutional clients through this collaboration with Clearwater, efficiently combining banking and non-banking services. It strengthens our strategic ambition to complement our core offering with best-in-class specialised providers.”
Gayatri Raman, president of Europe at Clearwater Analytics, comments: “We believe this joint collaboration with BNP Paribas is an ideal on-ramp for asset owners to act on growth opportunities across their investment portfolios. Together with BNP Paribas, we aim to extend this solution to our key core markets.”
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