Actiam transfers operations team in outsourcing deal

Outsourcing2Dutch asset manager Actiam is to transfer its operational team to BNP Paribas Securities Services (BNPPSS) in an outsourcing agreement.

The asset manager, which has €56 billion of assets under management, is outsourcing its back and middle office operations in a move designed to aid international expansion, the firm said.

Actiam employs over 130 people and a total of 54 staff are to be transferred.

The asset manager considers itself a leader in responsible investment and is owned by Vivat NV, an insurance company.

Hans van Houwelingen, CEO of Actiam, said: “In this fast changing world, we decided to partner with a long-term asset servicing provider for middle and back office asset management operations, fund and investment accounting and reporting services. By partnering with BNP Paribas Securities Services, we will be able to focus on our core business of responsible investing and on servicing our customers.

“Besides that, we can accelerate our international ambitions.”

For BNPPSS the deal will accelerate its own development in the Netherlands, the French bank said. The deal brings the Dutch BNPPSS staff total to 85.

Actiam’s choice was based on international reach and track record as a “leading multi-asset service provider as well as its long-term focus and strong solvability ratios”, BNPPSS added.

©2017 funds europe

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