BNP Paribas to provide dealing and middle office outsourcing to ABN Amro

BNP Paribas Securities Services will provide ABN Amro Investment Solutions with a fully integrated investment management solution across its front and middle office, supported by BlackRock Aladdin.

The technology platform is used by ABN Amro Investment Solutions to unify its investment management processes.

The outsourcing arrangement builds on an existing partnership between the two companies, with BNP Paribas’s Securities Services business already providing the asset management firm with dealing desk services to execute trades and source liquidity.

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“We want to provide our clients with innovative solutions that enable them to seamlessly connect their front, middle and back office and eliminate the risks that come with duplication of information and repetitive manual inputs,” said Arnaud Claudon, head of asset owners and managers client lines, securities services, BNP Paribas.

He  said that its clients can now use BlackRock Aladdin to inform investment decisions across asset classes while taking advantage of its middle and back-office capabilities and “multi-local expertise in a fully integrated end-to-end investment management environment”.

Elisa Alonso Sanz, chief operating officer at ABN Amro Investment Solutions, said it chose BNPP because “this connectivity between our front and middle office will help us enhance operational efficiency and speed up trade processing.

This is a new milestone in our development: benefitting from state-of-the-art infrastructure and technologies thanks to strategic partners will help us to focus on added-value activities.”

ABN Amro’s strategic plan for 2026 prioritises the optimisation of its technological infrastructure and tools.

Outsourcing in the asset management industry is not new but has been gaining pace over the years. The first wave saw the hiving off of the back office activities including trade settlement and asset administration, transfer agency, fund accounting, or tax withholding/reclaims.

The second revolved more around the middle office functions such a transaction processing and related data and reporting management.

Today, there is an increasing number of firms like ABN Amro who are forging partnerships with providers and adopting a more modular and integrated approach of outsourcing across the entire investment management value chain.

©Markets Media Europe 2022

 

 

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