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09 January 2014

KBL Richelieu Subscribes All Its Funds To BNP Paribas Securities Services’ New MiFID Compliant Investment Reports 

KBL Richelieu is subscribing its funds to a new MIFID-compliant investment report developed by BNP Paribas to deliver superior information to its clients.

BNP Paribas Securities Services has announced the creation of a new monthly MiFID-compliant investment factsheet to which KBL Richelieu Gestion has subscribed all its funds. This new investment report, now available to all BNP Paribas Securities Services' asset manager clients, is highly flexible and can be tailored to the specific needs of each company.

To meet the market's growing need for investment reports, BNP Paribas Securities Services has set up an open architecture in which it is possible to integrate portfolio data from a multitude of sources both reliably and on a large scale. Drawing on a rich database and the recognised expertise of its risk and performance measurement department, with 270 specialists worldwide, BNP Paribas collects information on behalf of its clients, augments it with market data, calculates various risk and performance indicators and breaks the reports down by sector. KBL Richelieu Gestion predefined both the content and form (white label) of its factsheet, providing a high-quality investment report ready for distribution to its clients.

Cyril Delionnet, Corporate Secretary at KBL Richelieu Gestion, commented, "We chose BNP Paribas Securities Services for its reliability and for the quality and expediency of its services, as they were able to produce our factsheet within a short time frame. Outsourcing the production of this report to an independent institution guarantees transparency for our investor clients. It also gives us the opportunity to simplify and streamline our processes, while staying in control of data."

For the last 20 years, KBL Richelieu Gestion - a subsidiary of KBL Richelieu Banque Privée and member of European group KBL European Private Bankers - has been building a range of "specialist" funds characterised by their original investment themes. To ensure the long-term performance of its funds, KBL Richelieu Gestion uses a non-indexed active management approach that relies on a structured and disciplined investment strategy and stock selection governed by investment rules. KBL Richelieu Gestion has gradually expanded its range in order to meet the needs of its investors while upholding its investment management convictions. Commenting on the deal, Gilliane Philip-Courtines, Head of client relations for institutional investors (France) at BNP Paribas Securities Services, said, "We are very pleased that we could meet the expectations of KBL Richelieu Gestion. This collaboration means that we can now offer our customers a standardised, industrial-scale reporting solution that is flexible enough to adapt to the individual requirements of each asset management client."

- International Securities Services