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