When BNP Paribas Security Services implemented pControl from Milestone to integrate its Australian and Asia-Pacific operations, the bank completed a five-year project that transitioned all of its Asia-Pacific clients onto a single operating platform.

According to a case study released by Milestone Group, a specialist provider of fund processing services, BNP Paribas selected the group to handle unit pricing, tax provisioning and cash rebalancing to support efficient processing “irrespective of how varied and different our clients’ fund products might be,” says Mark Harrison, head of strategic programs at BNP Paribas. BNP Paribas’ client base in Australia and across Asia Pacific is managed within complex, multilayer hierarchical fund structures, meaning that its processing solution required strict controls around unit pricing.