BNP Paribas to provide custodial services for Mariner Financial
(24 February 2004 – Australia) BNP Paribas Securities Services has inked a deal with listed financial services company Mariner Financial to provide custody and investment administration services.
Services will include unit pricing, unit registry and accounting, with Mariner’s Lifestyle Bonds the first products to be administered.
Mariner was formed in 2003 and focuses on the growing retirement incomes market. Earlier this month the company said it would launch a series of "uniquely" structured property trusts, the first of which will see the company invest in the Powercor building at 40 Market Street, Melbourne.
BNP Paribas Securities Services, a wholly owned subsidiary of BNP Paribas, was launched in Australia and New Zealand in June 2003 and holds more than A$111 billion in assets under custody.
Mariner was formed in 2003 and focuses on the growing retirement incomes market. Earlier this month the company said it would launch a series of "uniquely" structured property trusts, the first of which will see the company invest in the Powercor building at 40 Market Street, Melbourne.
BNP Paribas Securities Services, a wholly owned subsidiary of BNP Paribas, was launched in Australia and New Zealand in June 2003 and holds more than A$111 billion in assets under custody.
Subscribe