Sundaram BNP Paribas Fund Services has selected France-based eFront’s solution to address the software needs required for servicing its private equity clients in India.
Sundaram BNP Paribas Fund Services is a new private equity fund administrator which is formed through a joint venture between Sundaram Finance and BNP Paribas Securities Services.
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The joint venture provides private equity fund administration and accounting services in the Indian market.
The private equity fund administrator has selected eFront’s FrontInvest application which was already being used by its global partner BNP Paribas Securities Services for its private equity fund operations.
Shridhar Iyer, CEO of Sundaram BNP Paribas Fund Services, said: "We recognize eFront as a provider with significant global experience and we expect them to meet the exact standards that private equity players in India expect."
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