(Pictured: Craig Mowll)
Certitude Global Investments has appointed BNP Paribas Securities Services as custodian and administrator for 14 unit trusts. The trusts have about $1 billion in assets under management.
Certitude is an independent global fund-of-funds manager. Some of its underlying managers include Threadneedle Investments (UK), Lighthouse Partners (US), Marshall Wace Gavekal Asia-Pacific (Hong Kong) and Columbia Management (US).
“Certitude needed a global custodian that understood our future growth strategy in Australia,” said Craig Mowll, the company’s CEO. “After a very thorough analysis of the market we found BNP Paribas’ large and ongoing investments in both people and technology solutions were very important to us and appointing them has allowed us to future-proof our operations as a part of our growth strategy.
Peter Baker, head of BNP Paribas Securities Services Australia, said: “We are delighted that Certitude chose us. Our commitment to Certitude, and all of our clients, is to partner with them to optimise their operations, minimise their risks, enhance their performance wherever possible.”