BNP Paribas Securities Services of London announced Tuesday that it has expanded its hedge fund administration operations to include services within the United States.
The hedge fund administration team, in King of Prussia, Pa., was formerly part of CooperNeff Advisors, which was acquired by BNP Paribas Group of Paris in 1995. Now integrated into BNP Paribas Securities Services management structure, the team is headed by Andrew Dougherty, the chief operating officer for fund administration in the United States.
BNP Paribas recently enhanced its global portfolio servicing solution and expanded its hedge fund administration businesses in Spain, Italy, and France. From its offices in 18 countries, BNP Paribas provides middle- and back-office solutions to hedge funds and funds of hedge funds firms.
