Mandate Watch: BNP harvests cross-border Mongolia mandate

BNP harvests cross-border Mongolia mandate

Handshake in London

BNP Paribas Securities Services has secured a mandate with Harvest Global Investments to help launch an emerging market fund investing in Mongolia, making it the first global custodian to support foreign investments in the Asian frontier. Harvest is the second-largest asset manager with $37 billion in assets under management, with BNP Paribas becoming custodian, fund administrator and transfer agent in support of the Asian Frontier Equity Fund.

The fund went live in late 2011, and has since been

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