BNPP Securities Services wins depository banking mandate from Hansa Trust

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Global custodian BNP Paribas Securities Services has won a mandate to provide depositary banking services to Hansa Trust plc, a global equity investment company.

BNP Paribas Securities Services will monitor cash movements within the trust’s funds and provide custody services in accordance with AIFMD.

The bank will also perform oversight duties to ensure that management decisions comply with the fund prospectus and any relevant laws and that shareholders’ interests are protected.

Stephen Thomas, CFO at Hansa Capital Partners LLP comments on the agreement “We have greatly benefited from BNP Paribas’ forward thinking and the pragmatism they have shown throughout the process. This has enabled us to become fully compliant more than one month prior to the AIFMD deadline.”

ABOUT THE AUTHOR
Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 16 years he has been based in London writing about funds and investments . From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope.

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