BNP Paribas Securities Services (BNP Paribas) is delighted to have been appointed by Henderson Group as exclusive service provider for Henderson Global Investors’ investment operations and related banking services, excluding services for hedge funds.
The new contract with Henderson brings an added dimension to the partnership between the two organisations. In addition to providing a full range of investment operations services, and related banking services such as custody, securities lending, cash and foreign exchange. BNP Paribas will also enhance its global distribution contribution to Henderson’s products.
Building on a stable service and its in-depth knowledge of Henderson’s investment operations, BNP Paribas now offers a single, strategic global operating model to support Henderson’s future growth and development. In addition, Henderson will benefit from access to banking related services – cash and treasury management, and FX – delivered by a universal global bank.
Andrew Formica, Chief Executive of Henderson Group says, “As we look to grow and expand our business it is important that we have strong and strategic support from our partners to ensure we provide the highest level of service to our clients. After extensive due diligence it is clear BNP Paribas provides an excellent partner to meet our ambitions for our business and the service standards our clients expect.”
Commenting on the new contract, Patrick Colle, head of BNP Paribas Securities Services in the UK said, “The agreement marks a new stage in our long-standing relationship with Henderson, a client who is at the heart of our global strategy and UK business plans. This strategic partnership between our two organisations gives us the exclusive opportunity, not only to develop new services and accompany Henderson in their future growth, but also to invest in our client’s own products. This partnership further strengthens our collaboration and underlines our full commitment to Henderson’s future success.”
About BNP Paribas Securities Services
BNP Paribas Securities Services is a wholly-owned subsidiary of the BNP Paribas Group, delivering independent flexibility and commitment, backed by the strength of a leading universal bank.
Operating across the investment cycle, we provide post-trade administration solutions to buy-side and sell-side financial institutions and issuers. The Bank has a local presence across 25 countries and global coverage of over 100 markets, offering a one-stop shop for all asset classes, both onshore and offshore, across the globe.
With EUR 3.34 trillion (USD 4.65 trillion) assets under custody, EUR 565 billion (USD 786 billion) assets under administration and close to 6,000 funds administered*, BNP Paribas Securities Services is the Eurozone’s leading securities services provider.
* As at 31 December 2008
About BNP Paribas
BNP Paribas (www.bnpparibas.com) is a European leader in global banking and financial services and is one of the 6 strongest banks in the world according to Standard & Poor’s. The group is present in 85 countries, with more than 171,000 employees, including 131.000 in Europe. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business lines, the bank’s two domestic markets in retail banking are France and Italy. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.
About Henderson Global Investors
Established in 1934, Henderson Global Investors is a leading independent global asset management firm. The company provides its institutional, retail and high net-worth clients with access to skilled investment professionals representing a broad range of asset classes, including equities, fixed income, property and private capital. Headquartered in London, Henderson is one of Europe’s largest investment managers, with £49.5 billion (€51.2bn / $71.2bn) assets under management (as at 31 December 2008) and employs around 900 people world-wide.