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Multifonds helps BNP Paribas Securities Services meet ETFlab's needs

Multifonds helps BNP Paribas Securities Services meet ETFlab's needs

ETFlab Investment GmbH is a leading provider of ETFs (exchange traded funds) to the German-speaking market. Founded in January 2008 as a fully-owned subsidiary of DekaBank Deutsche Girozentrale, ETFlab currently manages a total of €4.5bn in 35 ETFs, and has ambitious growth plans.

Its index funds range from highly diversified equity products (such as the MSCI USA and MSCI Emerging Markets), through blue-chip indices like the DAX and Euro Stoxx 50, to European government bonds of various durations, corporate bonds and jumbo mortgage bond.

In order to administer this diverse range of funds, ETFlab needed a professional fund administration partner such as BNP Paribas Securities Services, which uses Multifonds' fund accounting software. ETFlab benefits from BNP's professional, eclectic and multi-national administration platform, which offers the combination of high-quality standards and flexibility to meet future needs.

"Working with our fund administrator, BNP Paribas Securities Services, we have gained a leading position in the ETF segment in terms of our transparency, reliability and quality of information," said Rolf Janka, Managing Director and COO of ETFlab.

"Through the partnership with BNP Paribas Securities Services as our fund administrator and thanks to BNP's use of Multifonds' fund accounting system, we can easily handle the specific requirements of both domestic and international investors. Furthermore, the flexibility and ease of scalability of the product, enables us to be very well prepared to handle future requirements."