Certitude Global Investments has appointed BNP Paribas Securities as custodian and administrator for 14 unit trusts with combined assets under management of $1 billion.
"After a very thorough analysis of the market we found BNP Paribas' large and ongoing investments in both people and technology solutions was very important to us and appointing them has allowed us to future-proof our operations as a part of our growth strategy," Certitude CEO Craig Mowll said.
Head of BNP Paribas Securities Services Australia and New Zealand Peter Baker said the company would partner with Certitude to "optimise their operations, minimise their risks, and enhance their performance wherever possible".
"We look forward to supporting Certitude's future growth in Australia and globally as well as supporting the local asset management sector," he said.
Certitude has brought global investment products to Australia including Threadneedle Investments (UK), Lighthouse Investment Partners LLC (US) and GaveKal Capital Limited (Hong Kong) and Columbia Management Investment Advisers LLC (US).
The Association of Superannuation Funds of Australia has appointed a new director representing industry funds, among a number of other appointments in recent months.
The Association of Superannuation Funds of Australia has tapped an experienced public policy executive as head of policy and advocacy.
The firm has welcomed an experienced financial services executive, who helped establish Vanguard's superannuation business, as its new chief financial officer.
The $8.9 billion fund has tapped a fintech company headquartered in Rotterdam as investment performance consultant.
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