Fund Guides: Luxembourg, Ireland, Hong Kong and Singapore
Discover our local fund expertise and dedicated suite of services
A leading global depositary bank
As traditional and alternative asset managers, and asset owners grow their businesses in an ever-changing regulatory and market environment, they need a depositary bank who they can trust with asset and investor protection while offering high-touch client service. We are a leading global provider of depositary and trustee services and safeguard EUR2.3 trillion in assets for more than 7,800 funds1 globally.
Why choose BNP Paribas for depositary services?
Global scale and leadership
- BNP Paribas is the largest European depositary bank, supporting clients in all major European jurisdictions including France, Luxembourg, Ireland, Germany and Italy
- We also offer award-winning trustee services in Asia Pacific and fiduciary activities in Latin America
- Clients can trust us for their full range of funds and asset classes; more than 600 clients use our services in 17 locations globally
Safekeeping through our proprietary network and global operating model
- BNP Paribas’ global custody model covers 90+ markets, including 27 proprietary locations; 90%2 of our clients’ assets are held in our own network
- We are a G-SIB backed by a strong European bank
- Our harmonised global operating model ensures that there is consistency across all locations when fulfilling the key depositary responsibilities of oversight, safekeeping and cash monitoring.
Local expertise and insights
- We have dedicated Depositary experts across all our locations, with specialist teams per asset class in our operational hubs, to ensure that our clients receive best in class Depositary services
- Our teams of experts actively engage with local and regional regulatory and industry bodies, providing insights to clients on key market changes and development
[1] Figures as of 30 September 2023
[2] Excluding International Central Securities Depositories
Our depositary and trustee solution in detail
Oversight duties
Each client benefits from a Client Manager in their location, supported by our experienced team of professionals across 17 locations. Our service includes:
- Due diligence of fund manager and service providers
- Post trade compliance, investment and borrowing power monitoring using our scalable in-house system
- Controls on subscriptions and redemptions
- Timely settlement of transactions
- Net Asset Value (NAV) reviews
Cash monitoring
Our industralised and automated platform ensures a consistent approach to monitoring activities:
- Overview of all cash movements on a daily basis
- Identification and specific control of significant cash flows
- Monitoring and follow up of anomalies
Safekeeping
- Custody of global financial instruments, across a range of traditional and alternative asset classes
- Asset segregation of client assets from bank assets and proprietary assets in books of third-party custodians and CSDs
- Safekeeping of a wide variety of non-financial instruments
Standard list of delegates and sub-delegates of BNP Paribas appointed depositary of Ucits funds
Outsourced investment screening solutions can help firms to ensure that they have an ESG compliance process that is up to date…
Depositary banks are seizing upon automation and rich data to bring investment funds a new generation of high-value services.
BNP Paribas’ Securities Services business has been appointed to provide depositary and global custody services for the newly launched Growth Fund Germany, a key development of theFuture Fund (Investment Fund for Future Technologies) by the German Government and KfW Capital, one of the world’s leading promotional banks.
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