BNP Paribas: ‘Hedge Fund Administrator of the Year”
Posted By Alex Akesson, July 16th, 2010 : PermalinkBNP Paribas won the award for ‘Hedge Fund Administrator of the Year – Americas, less than $50Bn assets under administration’ by the International Custody and Fund Administration (ICFA).
“This is an important achievement for BNP Paribas, especially in the US, because it reflects how enterprising we are in developing innovative solutions to exceed our clients’ needs,” Andrew Dougherty, Managing Director and Head of Alternative and Institutional Solutions, said. “We are delighted to have been selected for this important award and will continue to deliver service excellence to our clients and their investors in the years to come.”
Winners of the magazine’s inaugural awards for this region were selected by a panel of US based experts in the industry. The ‘Hedge Fund Administrator of the Year – Americas, less than $50Bn assets under administration’ award was given to BNP Paribas for continuing to expand product offering, introducing new innovations and offering customized solutions to clients. The addition of a new module to reduce risk in P&L reporting also proved particularly noteworthy.
