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 funct
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