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Media Super retains BNP Paribas as custodian

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Media Super and BUSSQ have renewed their custody and investment administration agreement with BNP Paribas Securities Services.

After an extensive market review, Media Super and BUSSQ have retained BNP Paribas Securities Services as custodian and investment administration provider.

Media Super chief executive Graeme Russell said: “BNP Paribas Securities Services demonstrated consistency, transparency and the ability to keep us well informed of market developments and how to meet them.”

“We also valued the standards of service and depth of relationship management across our various offices."

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BNP Paribas Securities Services managing director of Australia and New Zealand, David Braga, said the firm looks forward to helping the super funds grow their members’ investments.

“Our strong partnership with them backed by quality service delivery combined with our market leading performance and risk analytics were key to the renewal of this mandate,” said Mr Braga.

“We have always been dedicated to providing them with quality services and helping them to run their business in a seamless manner.”

BNP Paribas has partnered with Media Super since 2006 and BUSSQ since 2005.