BNP Paribas Securities Services has won the mandate to provide global custody services in the UK for Brevan Howard Asset Management, Europe’s largest hedge fund manager.
BNP Paribas was chosen for its global and local custody capabilities and its reputation as a European securities services provider.
The bank’s safety and strength was also important due to the size of the deal.
Maria Cantillon, head of sales for alternative funds at BNP Paribas Securities Services, says: “This is a very exciting time for BNP Paribas as our alternatives servicing franchise has had an extremely busy and successful year and has signed some of the top names in the UK market. We are delighted to be working with Brevan Howard, one of the most prestigious names in the hedge fund space. This mandate clearly demonstrates the bank’s continued commitment to our alternatives clients and growing the business in this key space.”
