SOURCE: BNP Paribas

BNP Paribas

November 16, 2011 10:11 ET

BNP Paribas Named Best Fund Administrator by HFMWeek

NEW YORK, NY--(Marketwire - Nov 16, 2011) - BNP Paribas today announced that it was named 2011 Best Hedge Fund Administrator for single managers under $30bn. The Awards were given earlier this fall at the HFMWeek US Services Providers Awards ceremony in New York.

HFMWeek's Service Provider Awards recognize the accomplishments of US-based service providers around fund administration, technology, legal services and prime brokerage among others. The awards are granted based on five criteria: financial progress; business growth; client satisfaction; genuine product innovation; and adaptability in the face of regulatory changes.

"The continued market recognition of our service highlights the strong alternatives franchise we are building in the US," said Andrew Dougherty, Head of Alternative and Institutional Solutions at BNP Paribas, Americas. "We are thrilled to have received this award."

The HFMWeek award follows the Bank's recent commendation rating for North America in the 2011 Global Custodian Hedge Fund Administration survey. This recognition from the industry further reinforces the Bank's strategic commitment to serving the alternative investment manager community.

About BNP Paribas
BNP Paribas (www.bnpparibas.com) is one of the best rated banks in the world*. The Group has a presence in more than 80 countries and more than 200,000 employees, including more than 160,000 in Europe. It ranks highly in its three core activities: Retail Banking, Investment Solutions and Corporate & Investment Banking. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail banking model across the Europe-Mediterranean zone and boasts a large network in the western part of the United States. In its Corporate & Investment Banking and Investment Solutions activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas and solid and fast-growing businesses in Asia.

*Rated AA- by Standard & Poor's.

About BNP Paribas Securities Services
BNP Paribas Securities Services, a wholly-owned subsidiary of the BNP Paribas Group, is a leading global custodian and securities services provider backed by a strong universal bank (rated AA- by Standard and Poor's). It provides integrated solutions to all participants in the investment cycle including the buy-side, sell-side, corporates and issuers.

The bank has a local presence in 32 countries across five continents, effecting global coverage of more than 100 markets. It partners with clients to help overcome complexity, while offering a one-stop shop for all asset classes, both onshore and offshore, around the world.

Key figures as at 30 September 2011: USD 6,362 billion of assets under custody, USD 1,128 billion of assets under administration, more than 6,500 administered funds and 7200 employees.

The services described in this document, if offered in the U.S., are offered through BNP Paribas and its subsidiaries and its affiliates. Securities products are offered through BNP Paribas Securities Corp., a subsidiary of BNP Paribas, a broker-dealer registered with the Securities and Exchange Commission and a member of SIPC, the Financial Industry Regulatory Authority, New York Stock Exchange and other principal exchanges.

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