BNP Paribas Securities Services Wins New US Global Custody

BNP Paribas Securities Services Wins New US Global Custody Mandate 
NEW YORK, NY -- (Marketwire) -- 10/24/12 --   BNP Paribas Securities
Services (BNP Paribas) today announced that it has won a new mandate
from Edgewood L Select (Edgewood), a Luxembourg-domiciled UCITS
(Undertakings for Collective Investments in Transferrable Securities)
fund, to provide global custody, fund administration, transfer agency
and corporate domiciliation. 
Edgewood employs a large-cap growth investment strategy. The fund had
USD 730m already in custody at BNP Paribas as of 30 September 2012.
Subsequent to the shareholder approval of the merger of Edgewood
Management funds into Edgewood L Select, the total assets held at BNP
Paribas will be USD 915m as at 5 October 2012. 
Alexander Farman-Farmaian, chairman of Edgewood said: "We aim to
deliver sustainable long-term performance by investing in
high-quality growth companies, primarily based in the United States." 
"As one of the largest administrators of UCITS funds with a heritage
in strong client service, BNP Paribas was the stand-out contender,"
added Mr Farman-Farmaian. 
Claudine Gallagher, who in February 2012 was appointed to lead the
custodian's regional expansion in North America said: "We're
obviously delighted to have won this mandate from Edgewood. This
development builds on a well established relationship that we have
developed with them and it is a great example of the value that we
can offer." 
The news follows a series of significant developments for BNP
Paribas' custody business in North America. As well as Ms.
Gallagher's appointment as regional manager, North America, the bank
also announced that it would roll out local and global custody
services in the United States over the next 12 months. 
About BNP Paribas 
BNP Paribas ( has a presence in 80 countries with
nearly 200,000 employees, including more than 150,000 in Europe. It
ranks highly in its three core activities: Retail Banking, Investment
Solutions and Corporate & Investment Banking. In Europe, the Group
has four domestic markets (Belgium, France, Italy and Luxembourg) and
BNP Paribas Personal Finance is the leader in consumer lending. BNP
Paribas is rolling out its integrated retail banking model across
Mediterranean basin countries, in Turkey, in Eastern Europe and a
large network in the western part of the United States. In its
Corporate & Investment Banking and Investment Solutions activities,
BNP Paribas also enjoys top positions in Europe, a strong presence in
the Americas and solid and fast-growing businesses in Asia.  
About BNP Paribas Securities Services 
BNP Paribas Securities Services
(, a wholly
owned subsidiary of the BNP Paribas Group, is a leading global
custodian and securities services provider backed by a strong
universal bank. It provides integrated solutions to all participants
in the investment cycle including the buy side, sell side, corporates
and issuers. 
The bank has a local presence in 34 countries across five continents,
effecting global coverage of more than 100 markets. It partners with
clients to help overcome complexity, while offering a one-stop shop
for all asset classes, both onshore and offshore, around the world. 
Key figures as at 30 June 2012: USD 6,366 billion of assets under
custody; USD 1,187 billion of assets under administration; more than
7,000 administered funds and 7,700 employees. 
BNP Paribas Securities Services is a societe en commandite par
actions (partnership limited by shares) incorporated in France, with
limited partners with limited liability and one general partner with
unlimited liability, with its registered office at 3, rue d'Antin -
75002 PARIS - Paris Trade Register B552 108 011 RCS. 
BNP Paribas Securities Services is authorised and supervised by the
Autorite de Controle Prudentiel (ACP) and by the Autorite des Marches
Financiers (AMF). BNP Paribas Securities Services London branch is
authorised by and subject to limited regulation by the Financial
Services Authority for the conduct of its investment business in the
United Kingdom; details on the extent of our regulation by the
Financial Services Authority are available from us on request. BNP
Paribas Securities Services London Branch is also a member of the
London Stock Exchange. BNP Paribas Trust Corporation UK Limited and
Investment Fund Services Limited are authorised and regulated by the
Financial Services Authority.BNP Paribas Securities Services, London
Branch is registered in England and Wales under No. FC023666. 
The services described in this document, if offered in the U.S., are
offered through BNP Paribas and its subsidiaries and affiliates.
Securities products are offered through BNP Paribas Securities Corp.,
a subsidiary of BNP Paribas, a broker-dealer registered with the
Securities and Exchange Commission and a member of SIPC, the
Financial Industry Regulatory Authority, the New York Stock Exchange
and other principal exchanges. 
Press Contacts 
Cesaltine Gregorio
BNP Paribas 
US Media Relations 
+ 1 212 841 3719 
Andrew Achimu
BNP Paribas 
Securities Services Press Office 
+ 44 207 410 2717  
Julia Boyce
BNP Paribas 
Group Press Office 
+ 33 1 43 16 82 04 
Press spacebar to pause and continue. Press esc to stop.