SOURCE: BNP Paribas

BNP Paribas

July 15, 2010 11:30 ET

BNP Paribas Named 'Hedge Fund Administrator of the Year - AUA Under $50Bn, Americas' by ICFA

NEW YORK, NY--(Marketwire - July 15, 2010) -  BNP Paribas is pleased to announce its award for 'Hedge Fund Administrator of the Year - Americas, less than $50Bn assets under administration' by the International Custody and Fund Administration (ICFA).

Winners of the magazine's inaugural awards for this region were selected by a panel of US based experts in the industry. The 'Hedge Fund Administrator of the Year - Americas, less than $50Bn assets under administration' award was given to BNP Paribas for continuing to expand product offering, introducing new innovations and offering customized solutions to clients. The addition of a new module to reduce risk in P&L reporting also proved particularly noteworthy.

"This is an important achievement for BNP Paribas, especially in the US, because it reflects how enterprising we are in developing innovative solutions to exceed our clients' needs," commented Andrew Dougherty, Managing Director and Head of Alternative and Institutional Solutions. "We are delighted to have been selected for this important award and will continue to deliver service excellence to our clients and their investors in the years to come."

About ICFA
ICFA (International Custody and Fund Administration) is the market-leading journal for senior personnel with decision making responsibility across all areas of asset servicing. For over 13 years ICFA has been the trusted source for news and analysis in international custody, fund administration and everything in-between. The ASPAs (Americas Service Provider Awards) highlight excellence in asset servicing within the Americas and are judged by an independent panel of experts.

About BNP Paribas

BNP Paribas (www.bnpparibas.com) is one of the six strongest banks in the world* and the largest bank in the eurozone by deposits. With a presence in more than 80 countries and around 200,000 employees, including 160,000 in Europe, BNP Paribas is a leading European provider of financial services on a worldwide scale. It ranks highly in its three core activities: Retail Banking, Investment Solutions and Corporate & Investment Banking. In Retail Banking, the Group has four domestic markets: Belgium, France, Italy and Luxembourg. BNP Paribas is rolling out its integrated model across the Europe-Mediterranean zone and boasts a large network in the United States. BNP Paribas Personal Finance is the leader in consumer lending in Europe. In its Corporate & Investment Banking and Investment Solutions activities, BNP Paribas also enjoys top positions in Europe and solid and fast-growing businesses in Asia.
*Rated AA by Standard & Poor's i.e. 3rd rating on a scale of 22.

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.

Contact Information

  • Press contacts :
    Edwina Frawley-Gangahar
    Media Relations, New York
    +212.841.3719

    Megan Stinson
    Media Relations, New York
    + 212.841.3809