BNP Paribas Securities Services has completed the final stage of the custody migration of a large number of Henderson funds on to its platform.
In total, BNP Paribas has migrated 25 legacy Gartmore funds run by Henderson with an approximate value of 8 billion in three stages and incorporating multiple jurisdictions and fund types.
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Following the migration, the bank will provide Henderson Global Investors (HGI) with a full service including custody, fund accounting, securities lending and foreign exchange services for the former Gartmore fund ranges in the UK and Luxembourg.
James McAleenan, head of BNP Paribas Securities Services for UK, Middle East and South Africa, said: "It reinforces and consolidates our long-standing relationship with Henderson, which we have developed over the last ten years.
"We have a very good understanding of their business and their operational objectives, and this is crucial to our ability to maintain high quality service levels we provide and to build on for the upcoming projects planned in 2014," McAleenan added.
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