BNP Paribas named fund administrator for the first fixed income ETF in Brazil - BNP Paribas USA
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September 19, 2018 - , ,

BNP Paribas named fund administrator for the first fixed income ETF in Brazil

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Brazil, September 19, 2018 – BNP Paribas Securities Services, a leading global custodian with USD 11.5 trillion in assets under custody, has been appointed fund administrator for the first fixed income ETF domiciled in Brazil.

With the launch of the Mirae Asset Fixed Income Fund (“MIRAE FIXA”) on the Brazilian Stock Exchange B3 on September 10, 2018, BNP Paribas now serves as the fund administrator and custodian for the fund’s approximately BRL 60 million in assets.  BNP Paribas was also instrumental in structuring this new product in the Brazilian market.

BNP Paribas is already a leader in ETF servicing in Brazil, currently providing fund administration and custodial services for over BRL 4.6 billion in equity ETF assets, or approximately 64%* of the equity ETF market in Brazil.

“With this new launch, we are consolidating our leadership role in the Brazilian ETF market, both in terms of volumes and sophistication in the product range we can serve,” said Andrea Cattaneo, Head of Brazil for BNP Paribas Securities Services.  “We are proud to have the opportunity to help develop the ETF market in Brazil, which ultimately benefits investors with cost-effective and more transparent investment options.”

BNP Paribas launched securities services in Brazil in 2010, offering custody of assets for foreign and domestic investors, as well as administration and custody of local funds.  Today, Brazil is one of 27 countries within BNP Paribas’ expanding proprietary custody network, giving investors access to over 90 markets worldwide.

Press Contacts

Caroline Lumley         caroline.lumley@uk.bnpparibas.com         +44 (0)20 7410 4650
Simon Danaher           simon.danaher@uk.bnpparibas.com           +44 (0)20 7595 9108
BNP Paribas Securities Services on Twitter – @BNPP2S

Notes to editors:
*Source: Brazilian Stock Exchange B3

About BNP Paribas Securities Services (http://securities.bnpparibas.com)
BNP Paribas Securities Services, a wholly owned subsidiary of the BNP Paribas Group, is a leading global custodian and securities services provider. It had assets under custody of EUR 9.4 trillion as at 31.03.2018.  Backed by the strength of the BNP Paribas Group, we provide multi-asset post-trade and asset servicing solutions for buy and sell-side market participants, corporates and issuers. With local expertise in 36 countries and a global reach covering 90+ markets, our network is one of the most extensive in the industry, enabling clients to maximize their investment opportunities worldwide.

The information contained within this document (‘information’) is believed to be reliable but BNP Paribas Securities Services does not warrant its completeness or accuracy. Opinions and estimates contained herein constitute BNP Paribas Securities Services’ judgment and are subject to change without notice. BNP Paribas Securities Services and its subsidiaries shall not be liable for any errors, omissions or opinions contained within this document. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. For the avoidance of doubt, any information contained within this document will not form an agreement between parties. Additional information is available on request.

BNP Paribas Securities Services is incorporated in France as a Partnership Limited by Shares and is authorised and supervised by the European Central Bank (ECB), the ACPR (Autorité de Contrôle Prudentiel et de Résolution ) and the AMF (Autorité des Marchés Financiers).

BNP Paribas Securities Services, London branch is authorised by the ACPR, the AMF and the Prudential Regulation Authority and is subject to limited regulation by the Financial Conduct Authority and Prudential Regulation Authority. Details about the extent of our authorisation and regulation by the Prudential Regulation Authority and regulation by the Financial Conduct Authority are available from us on request. BNP Paribas Securities Services, London branch is a member of the London Stock Exchange. BNP Paribas Trust Corporation UK Limited (a wholly owned subsidiary of BNP Paribas Securities Services), is incorporated in the UK.

In the U.S., BNP Paribas Securities Services is a business line of BNP Paribas which is incorporated in France with limited liability.  Services provided under this business line, including the services described in this document, if offered in the U.S., are offered through BNP Paribas, New York Branch (which is duly authorized and licensed by the State of New York Department of Financial Services); if a securities product, through BNP Paribas Securities Corp. or BNP Paribas Prime Brokerage, Inc., each of which is a broker-dealer registered with the Securities and Exchange Commission and a member of SIPC and the Financial Industry Regulatory Authority; or if a futures product through BNP Paribas Securities Corp., a Futures Commission Merchant registered with the Commodities Futures Trading Commission and a member of the National Futures Association.