BNP Paribas Securities Services has taken a strategic stake in the capital of fintech AssetMetrix. The partnership will enable BNP Paribas Securities Services to expand and digitalise its services to private capital clients and investors.
By deploying AssetMetrix’s leading technology and web services within its private capital business, BNP Paribas Securities Services will give its clients access to powerful analytics and reporting tools dedicated to the analysis of non-listed investments (private equity and debt).
This will enable clients to optimise decision-making and enhance risk monitoring. Asset manager clients will also be able to provide their end investors with individual access to reporting tools for efficient and transparent oversight of their investments.
These new services – including portfolio monitoring with full look-through capabilities on investee companies, cash flow and performance forecast, risk analysis, stress testing, benchmarking, workflow and document management – will complement BNP Paribas Securities Services’ existing solutions, giving private capital clients access to a comprehensive and integrated offering.
Philippe Benoît, Head of Strategic Business Development and Transformation at BNP Paribas Securities Services, says: “This partnership is an excellent example of the work we are doing with leading fintechs to expand and digitalise our offering and give our clients access to the latest technologies. It also highlights our commitment and capacity to continually develop our multi-asset class offering to meet our clients’ changing needs.”
Laurent Durdilly, Head of Private Capital Solutions at BNP Paribas Securities Services, says: ”This marks a major milestone in the development of our offering to private capital clients, including direct fund managers, asset owners and private equity funds of funds, who need specialist tools to monitor their non-listed investments. With this partnership, we will be able to offer our clients powerful analytics and reporting for their investors via a dedicated and interactive web portal for real-time monitoring and live scenario analysis.”
Emmeram von Braun, Founder and Managing Director of AssetMetrix, says: “This strategic partnership with BNP Paribas Securities Services is an important next step to further develop our independent platform and associated services. It is also an opportunity for us to continue to expand in Europe and enter the Asia-Pacific markets.”
