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BNP Paribas Securities Services wins Zurich custodial business

BNP Paribas Securities Services wins Zurich custodial business

(14 June 2006 – Australia) Zurich Financial Services Australia has appointed BNP Paribas Securities Services to provide unit pricing and custody services for its i.super and Finium corporate superannuation platforms. Zurich head of Platforms Karen Malzard said BNP Paribas Securities Services, which won a tender, had a track record of successfully providing services to similar types of clients.

"BNP Paribas Securities Services’ recent successes in the market demonstrated excellent transition capabilities and experience, which was an important consideration," she said.

BNP Paribas Securities Services head of Business Development Chris Briant said Finium needed a provider which could deliver almost 200 daily unit prices on time and accurately.

Zurich Australia’s i.super and Finium corporate superannuation platforms have 70,000 members and over A$1 billion in funds under administration. AAS Superannuation Services (AASSS), the previous provider, will continue to provide member administration services.
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