BNP Paribas named fund Administrator for the first fixed income ETF in Brazil

BNP Paribas Securities Services, a leading global custodian with USD 11.5 trillion in assets under custody, has been appointed fund administrator for the first fixed income ETF domiciled in Brazil.

With the launch of the Mirae Asset Fixed Income Fund (“MIRAE FIXA”) on the Brazilian Stock Exchange B3 on September 10, 2018, BNP Paribas now serves as the fund administrator and custodian for the fund’s approximately BRL 60 million in assets. BNP Paribas was also instrumental in structuring this new product in the Brazilian market.