The transfer of Janus Henderson’s middle and back office operations in the US to BNP Paribas Securities Services, announced in November last year, has been completed.
The deal, which saw BNPPSS become the fund services provider for Janus Henderson’s US$138 billion (€112 billion) mutual funds business, is part of the French bank’s strategic build-out of its securities services business in the US which will provide it with a US mutual fund administration and accounting platform.
More than 100 Janus Henderson employees based in Denver, Colorado, have now transitioned to BNP Paribas.
In a press statement, BNP Paribas said it was committed to growing its presence in Denver, where its mutual fund administration hub will now be located.
Its other operational hubs in the US include King of Prussia, Pennsylvania, for hedge fund administration and Jersey City, New Jersey, for custody and clearing.
Claudine Gallagher, head of the Americas for BNPPSS, said: “As we continue to build out our US business, we will be able to offer the market an integrated middle-to-back office platform, offering ’40 Act fund accounting, fund administration and custody.”
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