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West Sussex Pension Fund selects BNP Paribas Securities Services as global custodian
West Sussex Pension Fund selects BNP Paribas Securities Services as global custodian
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West Sussex Pension Fund selects BNP Paribas Securities Services as global custodian

21/09/2017

BNP Paribas Securities Services, a global custodian with USD 10 trillion in assets under custody, has been appointed by the £3 billion West Sussex Pension Fund to provide global custody, investment accounting and investment reporting and performance services

BNP Paribas Securities Services is part of the UK’s Local Government Pension Schemes national custody framework. The West Sussex Pension Fund is the fifth appointment BNP Paribas has secured under the framework.

 

Jeremy Hunt, Pension Panel Chairman, West Sussex Pension Fund, said:

“Throughout the selection process, BNP Paribas Securities Services demonstrated a deep understanding of our needs. We were impressed by the expertise of the individuals we worked with and the technology underlying its services – particularly BNP Paribas’ reporting tools, such as its Data Navigation Analysis system.”

 

Sid Newby, head of business development, UK, BNP Paribas Securities Services, said:

“We are delighted to have won West Sussex Pension Fund as a client. Our interactions with them so far have provided us with great insight into their changing needs, partly as a result of the LGPS pooling, and we look forward to continuing to work with them and deepening our relationship."
“The UK pension market is currently undergoing significant change and we are committed to helping schemes facilitate and benefit from this. We are big supporters of the LGPS initiative and engaged early on with local authorities and their consultants as they were assessing various operating models.”

 

-Ends-

 

Press Contacts

 

Caroline Lumley  caroline.lumley@uk.bnpparibas.com  +44 (0)20 7410 4650

Simon Danaher  simon.danaher@uk.bnpparibas.com  +44 (0)20 7595 9108

 

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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. 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 a presence in over 100 markets and offices in 34 countries, our network is one of the most extensive in the industry, enabling clients to maximise their investment opportunities worldwide.

 

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