BNP Paribas Securities Services has been selected by Tyndall Investment Management as its new custodian, Investment Magazine reports. BNP Paribas will manage majority of Tyndall’s around $25 billion Australasian assets. The Australian investment manager was searching for a custodian following its acquisition by Japanese firm, Nikko Asset Management in November for $130 million. Prior to the takeover, Tyndall’s former parent Suncorp handled the investment back-office duties in-house.
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