An automated FX solution implemented by BNP Paribas Securities Services for Northcape Capital, an Australian fund manager, provides a new way for asset managers to manage FX transactions involving multiple financial services providers. BP2S was appointed by Northcape Capital to manage the FX execution of a range of developed market currencies across its portfolio of middle office clients, adding to an existing portfolio administration and custody mandate. In order to do this, BP2S upgraded an existing proprietary FX service and expanded its Middle Office FX solution (MOFX) for Asia Pacific clients.
