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."
SuperRatings has shared the top 10 balanced options of the last financial year.
Rest Super remains “fully committed” to equities, even as it anticipates higher market volatility than experienced in previous decades.
Australian superannuation funds have again generated strong returns for FY25, with the median growth fund returning 10.5 per cent for the year, according to Chant West.
The US remains a standout destination for innovation and commercialisation, according to MLC Asset Management chief investment officer Dan Farmer.