厙惇勛圖

Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
厙惇勛圖
Leading the Way

Global 厙惇勛圖 Finance News and Commentary
≔ Menu
厙惇勛圖
Leading the Way

Global 厙惇勛圖 Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Buy side news
  3. BNP Paribas takes on a fifth of Colombian asset managers
Buy side news

BNP Paribas takes on a fifth of Colombian asset managers


16 September 2015 詁棗眶棗喧獺
Reporter: Drew Nicol

Generic business image for news article
Image: Shutterstock
BNP Paribas 厙惇勛圖 Services has successfully implemented new custody mandates for 16 Colombian asset managers.

The global custodian, which boasts a total of $9 trillion in assets under custody, will take on $3 billion in assets under management for 119 funds.

The asset managers are a mix of local, regional and global players, which together have a 20 percent market share of the Colombian asset management industry.

The new mandate follows a change in Colombian law requiring local mutual funds to appoint third-party custodians in order to increase asset safety and investor protection in the market.

Onboarding of the funds was completed on 3 September, in line with the regulatory timeframe set by the Colombian Ministry of Finance.

These new requirements represent a major step for the Colombian finance industry, said Claudia Calderon, head of BNP Paribas 厙惇勛圖 Services Colombia.
← Previous buy side article

SunGard secures French reconciliations mandate
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 厙惇勛圖 Finance Times
Advertisement
Subscribe today
Knowledge base

Companies in this article
→ BNP Paribas

Explore our extensive directory to find all the essential contacts you need

Visit our directory →
Glossary terms in this article
→ Custodian

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →