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Conflicts of interest growing
BNP Paribas Security Serviceshas picked up a key mandate to provide unit pricing and custody services to ZurichAustralia’si.super and Finium corporate superannuation platforms.
The mandate, announced this week, followed a select market tender conducted by Zurich.
Zurich head of platforms said that an important consideration had been BNP Paribas Securities Services’ demonstrated transition capabilities.
The unit pricing and custody services were previously provided by , which will continue to provide member administration services.
Zurich’s i.super and Finium corporate superannuation platforms boast 70,000 members and over $1 billion in funds under administration.
AUTHOR
Mike Taylor
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