As part of this broad asset servicing mandate, BNP Paribas Securities Services will provide Carmignac with global custody, depositary banking and transfer agent services covering its entire range of French fund products.
Carmignac selected BNP Paribas Securities Services for its international reach, its global and multi-local expertise covering all asset classes, and its technology-driven approach to asset servicing.
This mandate expands the long-standing relationship between Carmignac and BNP Paribas Securities Services, which already provides custody and depositary services to the “Carmignac Portfolio” fund range in Luxembourg. By consolidating its fund range with one single provider, Carmignac will be able to simplify its operating model.
“This new mandate reflects the strength of our relationship with Carmignac. This partnership will allow Carmignac to improve operational efficiency and take advantage from our global model and technology-driven approach.”
Patrick Colle, General Manager of BNP Paribas Securities Services
"We are delighted that Carmignac has entrusted us with this mandate in France. Carmignac is a leader in asset management, well known for its innovative distribution model, and will benefit from our global and multi-local expertise as well as from our comprehensive range of services.”
Franck Dubois, Head of BNP Paribas Securities Services France and Belgium
BNP Paribas Securities Services is one of the world’s leading global custodians, with EUR 9.4 trillion in assets under custody at the end of 2017, up 9.4% compared to 2016.
The bank has significantly expanded its local custody network since 2011, which now covers 27 markets. In 2017, the bank launched a new, ambitious triparty collateral management service and announced expansion plans in the US.
BNP Paribas Securities Services
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About BNP Paribas Securities Services (www.securities.bnpparibas.com)
BNP Paribas Securities Services, a wholly owned subsidiary of the BNP Paribas Group, is a leading global custodian and securities services provider. It had assets under custody of EUR 9.4 trillion as at 31 December.2017. Backed by the strength of the BNP Paribas Group, we provide multi-asset post-trade and asset servicing solutions for buy and sell-side market participants, corporates and issuers. With local expertise in 36 countries and a global reach covering 90+ markets, our network is one of the most extensive in the industry, enabling clients to maximise their investment opportunities worldwide.
Founded in 1989 by Edouard Carmignac, Carmignac is now one of Europe’s leading asset managers. Its capital is held entirely by its managers and staff. In this way, the company's long-term viability is ensured via a stable shareholding structure, reflecting its spirit of independence. This fundamental value ensures the freedom required for successful long-term portfolio management. With over EUR 56 billion of assets under management (as of 31/12/2017), Carmignac has developed a compact range of funds covering all asset classes (equities, bonds and balanced) with the objective of providing investors with consistent returns and low volatility. As part of its international development, Carmignac operates in Luxembourg, Frankfurt, Milan, Madrid, London, Zurich and Miami. Its products are authorised for marketing to professionals in France, Germany, Switzerland, Italy, Luxembourg, Belgium, Austria, Spain, the Netherlands, Sweden, the United Kingdom, Ireland, Taiwan and Singapore.