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ACSRF reappoints BNP Paribas
The Australian Catholic Superannuation and Retirement Fund (ACSRF) has reappointed BNP Paribas Securities Services (BNP Paribas) for full custody and administration services.
A competitive tender process led to the ACSRF trustee board choosing BNP Paribas for its technology offering, capabilities in performance measurement and reporting, mandate compliance, unit pricing and fund accounting, BNP Paribas said.
ACSRF chief executive Greg Cantor said BNP Paribas stood out from its competitors.
"After evaluating several competitive bids, BNP Paribas stood out as the best for our requirements.
"We first appointed them in 1995, and then at each review since they have continued to demonstrate an ability to meet our needs, innovation and ongoing investment in technology," he said.
He said the trustee board was particularly excited about BNP Paribas' pipeline of further innovations.
It has invested in expanding its global solutions, already delivered via its European and Asian channels, to Australian superannuation clients.
The company is placing an emphasis on support for enhanced risk analytics, alternative investments, and mobile technology.
"We are delighted to continue this successful long-term partnership," said Pierre Jond, BNP Paribas managing director for Australia and New Zealand.
"The superannuation sector is of key strategic importance to the business on both a global and local basis and success stories such as this highlight our ability to service this sector."
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