Asian financial services provider Phillip Capital Group has appointed BNP Paribas Securities Services to service its Singapore-based funds.
Phillip Capital Management (S) Pte Ltd (PCM) has migrated its largest Singapore dollar money market fund to BNP Securities Services Singapore.
Jeffery Lee, Managing Director and co-CIO, Phillip Capital Management (S) Pte Ltd said: “We continually seek to offer leading products to our clients in Asia and therefore require high levels of scalability and operational efficiency to service our clients. The long-term partnership with BNP Paribas Securities Services allows us to focus on our core business in the major investment markets in which we operate.”
Mostapha Tahiri, Head of Singapore, BNP Paribas Securities Services, commented: “PCM was one of our first clients and we are proud to have earned their trust over the years and to support their expansion into other Asian markets.
“We have now grown to become one of the leading service providers for Singapore Collective Investment Scheme fund administration and custody services. We are committed to enhancing our service and providing operational efficiency so that our clients can continue to grow their business across the region.”