A large number of Henderson funds have completed its final stage of migration to the BNP Paribas Securities Services platform. The project has seen 25 Gartmore funds worth an approximate €8 billion migrate, in 3 stages involving multiple jurisdictions and types of funds.
BNP will now provide a full service for Henderson Global Investors. This will include fund accounting, custody, securities lending and foreign exchange services in Luxembourg and the UK.
UK, Middle East and SA head James McAleenan said BNP were very pleased with the outcome of the deal. He said it was the result of a collection of efforts across the business and market. He said it was also a result of the strong relationship they hold with Henderson that developed over 10 years ago.
SOURCE: Securities Lending Times 15/07/13