GE Money chose BNP Paribas’ open distribution platform to form a key component of its distribution strategy.
GE Money Bank head of Liabilities and Investments in Czech Republic Peter Mikus said they identified the need for a robust, open platform through which they could service clients’ needs, and are pleased to have appointed BNP Paribas Securities Services as their fund distribution partner.
"The team has outstanding expertise in fund booking through Luxembourg, and their global presence and European pedigree – coupled with their general reputation as a world-class custody bank – was key to our final decision," Mikus said.
Peter Mikus added "With our critical fund distribution infrastructure now outsourced, we can free up more resources to focus on achieving our key business objectives, safe in the knowledge that our distribution platform is running as efficiently as possible, giving our clients global coverage and the very best value for money.
"We started to use the platform with two prominent investment funds providers and plan to extend it in the near future," Mikus said.
