BNP Paribas’ securities services business has been chosen by The University of Sydney Endowment Fund to provide custody and fund administration services. The University of Sydney is the oldest university in Australia and has been operating an endowment fund since 1997, with AUD4.4bn (USD3.0bn) currently of AuM. The fund sought a new provider following the withdrawal of National Asset Servicing, National Australia Bank’s custody arm, from the Australian market.
