BNP Paribas Securities Services, which has over US$ 8 trillion in assets under custody, and AXA Investment Managers (AXA IM) have extended an existing partnership to include settlement agency services in Latin America.
Under the deal, AXA IM will leverage BNP Paribas’ membership to the National Securities Clearing Corporation (NSCC) regional clearing platform to increase its fund accessibility to active brokers.
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AXA IM COO Joseph Pinto said, "This deal sees the extension to Latin America of AXA IM’s ‘Offer to meet Needs Everywhere’ (ONE) — a highly successful client service platform already in place in Europe and Asia.
"We want to make it as easy as possible for clients to invest with us and the ONE platform was designed to provide simple and efficient access for investors to AXA IM’s fund ranges."
Jean Devambez, head of asset and fund solutions at BNP Paribas Securities Services, said, "We understand the challenges our clients face when entering new markets, and look to stand by them throughout the process."
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