BNPP Securities Services wins depository banking mandate from Hansa Trust
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.”