BNP Paribas Securities Services Launches Administration for Alternative Assets in Australia

BNP Paribas Securities Services (BNP Paribas) reports that it has launched an administration service for alternative assets to help Australian institutional investors manage their private equity, infrastructure and real estate investments more efficiently.

The bank says that it has adapted its global fund administration capabilities to the requirements of Australian superannuation funds and insurers in response to increasing demand for greater transparency around alternatives from regulators and investors in Australia.

It adds that the service gives Australian funds access to detailed risk analytics and performance reporting which simplifies the management of multiple investments. It also gives investors the ability to meet compliance and auditing requirements by accurately assessing underlying risk and exposure.

Michael Rooney, general manager of finance and compliance at Media Super, an Australian Superannuation client of BNP Paribas, said that access to the correct information was crucial to managing risk and meeting compliance requirements.

“Having in-depth reporting and analytics eradicates spreadsheets and gives us a way to forecast liquidity,” said Mr Rooney, “And that is a big plus for us. We are pleased that BNP Paribas has introduced this capability and we look forward to developing our alternative portfolios.”

Pierre Jond, managing director at BNP Paribas Securities Services Australia & New Zealand adds: “This new service helps our clients better understand their funds’ risk exposure in the context of their broader portfolio. And the ability to create reports by sector or geography, support this. Furthermore, better management of funding commitments and cash flows are very useful in managing liquidity requirements.”