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Zurich chooses BNP for custody
BNP Paribas Security Services has picked up a key mandate to provide unit pricing and custody services to Zurich Australia’s i.super and Finium corporate superannuation platforms.
The mandate, announced this week, followed a select market tender conducted by Zurich.
Zurich head of platforms Karen Malzard said that an important consideration had been BNP Paribas Securities Services’ demonstrated transition capabilities.
The unit pricing and custody services were previously provided by AAS Superannuation Services, 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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