BNP Paribas Securities Services (BNP Paribas) has launched the first UCITS IV-compliant, master-feeder fund solution. Designed to help asset managers reach more end investors and achieve efficiencies, the solution also introduces the concept of a cost-free feeder – a new paradigm in fund distribution. 


Commenting on the launch, Margaret Harwood-Jones, Head of client segments – asset managers & alternative investments, BNP Paribas Securities Services, says: “With UCITS IV imminent, we’re delighted to be first to market with this solution for master-feeder funds. Supporting any combination of masters and feeders, we offer an end-to-end service accessible from most of Europe.”


Uniquely, the bank’s offer includes fund administration, global custody, depot bank and reporting services cost-free at the feeder level in certain circumstances. 


Philippe Ricard, Head of asset and fund services, BNP Paribas Securities Services, says: “We work extensively with asset managers so we understand their challenges. Our solution combines local expertise and global connectivity with a robust global platform to help our clients make the most of UCITS IV. Clients are at the heart of everything we do, and it is thanks to our geographic reach and integrated technology that we can pass significant cost savings onto them.” 


The BNP Paribas solution gives asset managers a 360 degree view into the master providing a consolidated view of each fund, while automated fund dealing reduces the number of manual functions required of asset managers. The bank’s synchronised operations, single platform and global operating model maximise market opportunities for asset managers, and optimise performance alignment of master-feeder structures. This grants end investors smoother access to their final investments.


“As the largest UCITS service provider in Luxembourg, we are firm believers in the global UCITS brand,” Harwood-Jones explains. “Increasing efficiency and reducing costs in line with the directive is unequivocally the best response to this market development. We see our solution as a key enabler; contributing to clients’ success, bringing more assets under UCITS and ultimately contributing to the industry’s long-term success.” 


The BNP Paribas solution is the latest development within AlphaSuite, the bank’s full range of services for asset managers. The bank’s geographic presence includes on-the-ground teams in 32 countries across Europe, AsiaPac and the Americas.
