Asset Servicing Times: BNP first to support FI’s in Mongolia

BNP Paribas Securities Services has announced the implementation of a mandate from Harvest Global Investments to launch an emerging market fund investing in Mongolia. BNP is the first global custodian to support foreign investments in this Asian frontier market. Harvest, China’s second largest asset manager, appointed BNP Paribas as global custodian, fund administrator and transfer agent in support of the manager’s Asian Frontier Equity Fund. The fund went live in late 2011 and has since been investing in Mongolia. In so doing, Harvest became both the first Chinese and the first cross-border asset manager to take direct investment exposure in the country. To read the full article, click hereBNP first to support FI’s in Mongolia

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