BNP Paribas Selects Sophis Product
Sophis has announced that BNP Paribas Asset Management’s (BNP PAM) structured investment division has chosen Sophis Value to help standardise its operations. BNP PAM will use the product for pricing, position keeping and risk management of instruments across a range of product lines. It will also use the solution to compute its own net asset value calculations, manage cash (subscription/redemptions and fees), compile reporting sheets and for pre- and post-trade compliance checking. “In order to be able to standardise our operations across product lines, we required a system that had cross-product portfolio and risk management capabilities, as well as offering standard and flexible interfaces with the various custodians and back office/administration service providers,” commented Alexandre Karras, global head of IT at BNP Paribas Asset Management. The solution will be used in BNP PAM’s Paris office where its structured investment activities are located.