BNP Paribas wins OFI Asset Management mandate
BNP Paribas Securities Services have been appointed by OFI Asset Management (OFI AM) to provide custody, depositary, fund administration and clearing services for listed derivatives linked to its asset management activities.
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OFI AM mainly manages the assets of large French Mutual Insurance companies and institutional clients.
This mandate represents EUR 8 billion of assets among which are 18 mutual funds and 50 mandates. It reinforces BNP Paribas Securities Services' leading position with institutional investors, as Gérard Bourret, OFI AM's general manager, confirms: "We chose BNP Paribas Securities Services because they are responsive, professional and committed to the long term".