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October 13, 2014 -

Australian Unity Investments appoints BNP Paribas as custodian

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Australian Unity Investments has appointed BNP Paribas Securities Services (BNP Paribas) as its custodian and administrator after an extensive market review.

Australian Unity Investments is the funds management arm of financial services, health and retirement living services provider Australian Unity and has over $7.36 billion in funds under management (as at 30 June 2014).

Mr David Bryant, CEO of Australian Unity Investments, said: “After an extensive due diligence process we determined that BNP Paribas had the strongest full service proposition in core custody together with middle and back office services for our asset management business and joint venture partners.”

“BNP Paribas was also able to demonstrate a strong leadership team with a great deal of local autonomy. We were also most attracted to BNP Paribas’ ongoing investments in technology and their commitment to supporting our expansion plans, and in turn, helping us to future proof our strategy,” Mr Bryant added.

BNP Paribas Securities Services aims to partner with all its clients to optimise their operational processes, minimise their risks and enhance their performance.