BNP Paribas has been appointed as global custodian by Protección S.A. and has onboarded Protección’s foreign portfolio of over USD7.5bn in assets. Protección S.A. is one of the largest pension funds in Colombia with over USD31bn in assets. One of its main shareholders is SURA Asset Management, which is a subsidiary of SURA Group, one of the largest Latin American financial conglomerates
