BNP Paribas Gets into 40 Act Business with Janus Henderson Deal
Andrew Dougherty of BNP Paribas Securities Services talks to WatersTechnology about this recent acquisition and what it means for unit going forward.
Last month, Patrick Colle, chief executive officer of the French bank’s Securities Services division, told WatersTechnology that the one piece of the puzzle it was still missing was coverage for the 40 Act fund administration space, adding that an acquisition “should be coming out pretty soon.”
Well, wait no more. The custodian bank has announced that it is acquiring Janus Henderson’s 40 Act unit, which consists of approximately 120 employees. This unit will handle middle- and back-office
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Regulation
Interview: Linda Middleditch, Regnology
Regnology’s Linda Middleditch discusses its acquisition of Wolters Kluwer’s FRR business
Tokenized assets draw interest, but regulation lags behind
Regulators around the globe are showing increased interest in tokenization, but concretely identifying and implementing guardrails and ground rules for tokenized products has remained slow.
Waters Wavelength Ep. 341: Citi’s Pitts and Topa
This week, Citi’s Michele Pitts and Marcello Topa join Wei-Shen to talk about UK and EU T+1.
Why source code access is critical to DORA compliance
As DORA takes hold in EU, Adaptive’s Kevin Covington says that it is shining a light on the criticality of having access to source code.
Nasdaq’s blockchain proposal to SEC gets mixed reviews from peers
Public comment letters and interviews reveal that despite fervor for tokenization, industry stakeholders disagree on its value proposition.
FCA files to lift UK bond tape suspension, says legal claims ‘without merit’
After losing the bid for the UK’s bond CT, Ediphy sued the UK regulator, halting the tape’s implementation. Now, the FCA is asking the UK’s High Court to end the suspension and allow it to fight Ediphy’s claims in parallel.
Treasury market urged to beef up operational resilience plans
NY Fed panel warns about impact of AI and reliance on critical third parties.
Technology alone is not enough for Europe’s T+1 push
Testing will be a key component of a successful implementation. However, the respective taskforces have yet to release more details on the testing schedules.
