Singapore-based
asset management firm Lion Global Investors (LGI) has selected BNP Paribas Securities Services to support the launch new UCITS-structured funds for its global fund distribution strategy.
Using BNP Paribas' Luxembourg platform, LGI hopes to capture a share of the demand from investors seeking Asian high-yield assets. LGI plans to grow its cross-border fund distribution across Asia, using a UCITS-based distribution strategy for efficient market entry while ensuring its funds remain compliant with regulations in multiple jurisdictions.
LGI, 70% owned by Singapore and Malaysian insurance group Great Eastern Holdings, will use BNP Paribas' combination of global custody, fund accounting, depository bank and transfer agency services to improve its efficiency and risk management abilities in Asia.
“The market is changing and Asia-based asset managers require a completely integrated international solution to capture new sources of flow from Europe and across Asia,” said Lawrence Au, head of Asia Pacific at BNP Paribas Securities Services.
BNP Paribas Securities Services launched a service aimed at shortening financial intermediaries' deployment time to new markets in September 2011.