Provinzial Asset Management, the Germany-headquartered asset manager with AuM EUR50bn, has mandated BNP Paribas Securities Services and Helaba Invest as asset servicing providers. Following the recent merger between Provinzial Asset Management and the Provinzial Rhineland, Provinzial Asset Management now manages all the assets of the newly formed Provinzial Group. Provinzial Asset Management selected two long-standing partners to service its entire investment fund portfolio. As global custodian, BNP Paribas Securities Services provides investment services, while Helaba Invest, as a Master KVG, assumes all asset servicing related to special assets.
Dr. Christoph Heidelbach, chairman of the management board of Provincial Asset Management GmbH, said: “After a careful selection process, we chose BNP Paribas Securities Services and Helaba Invest as service providers, because we were impressed with their performance and service throughout our many years of cooperation.”