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BNP Paribas New Zealand – How a small team is helping to create an integrated Asia Pacific client offering

BNP Paribas has been in New Zealand since 2002 and during this time has built an enviable reputation as a true global custodian with multi‐local and multi‐asset capabilities. BNP Paribas offers custody and fund administration services for locally‐domiciled funds in New Zealand and provides our clients with access to all major financial markets.

With local expertise in 36 markets, BNP Paribas provides end‐to‐end services for our institutional clients’ on both the buy‐side and sell‐side of the market.

Our unique New Zealand capabilities have enabled us to win multiple new mandates this year, and make a significant contribution to the growth of our Asia Pacific business.

In 2019, we have won three of the country’s largest and most significant mandates to come to market.

As an example of our capabilities and innovative approach, BNP Paribas New Zealand was awarded by The Asset Magazine – the award for Best Custody Mandate 2019 alongside our client Kiwi Wealth.

Increasing our competitive advantage further, in April this year we became the first global custodian to be accredited as a depository participant of the New Zealand Stock Exchange (NZX). This accreditation continues our ability to offer differentiated and innovative services to clients. This accreditation opens access to a new segment of the New Zealand market to BNP Paribas and enables us to offer market participants an agnostic approach for depository and settlement channels in New Zealand. The NZX depository access aligns with our Augmented Custody programme which aims to increase process automation and achieve faster corporate actions and income announcements.

Having recently won a series of the largest local mandates in New Zealand, BNP Paribas in New Zealand is going from strength to strength. We have in-depth, local understanding of the local market, including regulatory challenges. When we need to, we leverage the skills of our regional experts from Sydney, Singapore or Hong Kong. This demonstrates our globally stated ambition: “To be recognised as the premier longterm asset servicing partner of choice for leading financial institutions in a fast changing world”.

 

Disclaimer:

BNP Paribas Fund Services Australasia Pty Ltd ABN 71 002 655 674 (BPFSA) is an Australian incorporated company which is registered with the New Zealand Companies Office under registration number 1010736. BPFSA is also registered under the Financial Service Providers (Registration and Dispute Resolution) Act 2008. BPFSA is a wholly owned subsidiary of BNP Paribas Securities Services, a French incorporated partnership limited by shares which is authorised and supervised by the ACPR (Autorité de Contrôle Prudentiel et de Résolution) and the AMF (Autorité des Marchés Financiers).

The information contained within this document (‘information’) is believed to be reliable but neither BPFSA nor any of its related entities warrant its completeness or accuracy nor accept any responsibility to the extent that such information is relied upon by any party.  Opinions and estimates contained herein constitute BPFSA’s or it related entities’ judgment at the time of printing and are subject to change without notice. This document is not intended as an offer or solicitation for the purchase or sale of any financial product or service and is intended for ‘wholesale clients’ only (as such term is defined in the Financial Advisers Act 2008). The information contained in this document does not constitute financial advice, is general in nature and does not take into account your individual objectives, financial situation or needs. BPFSA recommends that you obtain your own independent professional advice before making any decision in relation to this information.

The information contained in this document is confidential and may not be reproduced in any form without the express written consent of BPFSA. Additional information is available on request.

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