As part of the mandate, 54 staff members from ACTIAM’s operations teams have now transferred to BNP Paribas Securities Services, increasing the bank’s existing local expertise and capacity in the Netherlands.
The onboarding required the migration of over 400 portfolios worth EUR 54.6 billion, which are now administered by BNP Paribas Securities Services.
In addition, the bank also recently implemented a global custody mandate from ACTIAM’s parent company VIVAT, representing EUR 28 billion in assets under custody.
Hans van Houwelingen, CEO of ACTIAM commented:
“We are very pleased with the successful onboarding of our middle and back office asset management operations, fund and investment accounting and reporting services. By partnering with BNP Paribas Securities Services, we will be able to focus on our core business of responsible investing and on servicing our customers. Besides that, we can accelerate our international ambitions.”
Robert van Kerkhoff, Head of BNP Paribas Securities Services Netherlands, added:
“We are delighted to be working with ACTIAM and to expand our team in the Netherlands. This mandate marks a major milestone in our development in the country and underlines our commitment to the Dutch institutional market.”
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About ACTIAM N.V. (www.actiam.nl)
ACTIAM is the leading responsible fund and asset manager, with €54.6 billion in assets under management at December 2016. ACTIAM employs over 130 people and has many years' experience of providing professional asset and fund management services for the VIVAT insurance labels Reaal and Zwitserleven, a selected list of external clients, and participants in the ASN, Reaal, SNS, Zwiterleven and ACTIAM's funds.
ACTIAM is the wholly owned asset- and fund management subsidiary of VIVAT N.V., an insurance company operating in the Dutch market.
ACTIAM considers itself a pioneer in the Netherlands with regard to responsible investment research. After years of experience in this field ACTIAM believes it is well equipped to design investment strategies based on the desired level of social or environmental involvement. All of the portfolios managed by ACTIAM are managed on the basis of a Responsible Investment (“RI”) approach, which makes ACTIAM and its clients leaders in the RI market in the Netherlands. In a European context ACTIAM is also among the leading asset manager with regard to responsible investments.
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. 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.