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Northcape chooses BNP Paribas
Independent institutional funds manager, Northcape Capital has appointed BNP Paribas Securities Services as its new master custodian and administrator, including middle office services.
BNP Paribas Securities Services confirmed the mandate this week with its Australia and New Zealand head, David Braga attributing the mandate to the breadth of his firm's custody network.
Northcape operations manager, Sean Cunningham said the fund manager had been seeking a global partner to ensure its expanding business needs are met.
Braga said BNP Paribas would also be assisting Northcape in its growth strategy to become a global manager with a focus on emerging markets.
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