BNP Paribas wins TWU Super mandate from NAB
Major custodian, BNP Paribas Securities Services has been awarded a significant mandate by transport industry fund, TWU Super.
BNP announced last week that it had been appointed by TWU Super as its custodian and investments administrator following a full review process undertaken by the fund.
Confirming the mandate, TWU Super chief executive, Paul Sayer said BNP Paribas had been selected on the basis that it could understand and support the fund's future needs, particularly in the areas of investment performance reporting, risk analytics and online solutions.
BNP Paribas Securities Services Australasian head, Ian Perkins stated that the company was pleased to have won the mandate following an extensive due diligence process.
The TWU Super custody mandate was previously held by NAB Asset Servicing.