Australian superannuation fund UniSuper has appointed BNP Paribas Securities Services to support a broad upgrade of its post-trade data infrastructure. The mandate centres around BNP Paribas’ new data management solution, Data PRISM360, which was launched in late 2024 and is powered by NeoXam’s Investment Data Solution.
With AUD 149 billion under management, UniSuper is one of the largest pension funds in Australia. The move is part of its effort to unify data across asset classes and systems, replacing older infrastructure with a more integrated setup, according to a press release. BNP Paribas will provide a range of services focused on the transformation and governance of investment data. According to the bank, this includes applying business rules and controls to incoming data sets and offering access via APIs and self-service tools.
Data PRISM360 is designed to give asset owners and managers a single, cross-asset view of their portfolios. NeoXam’s underlying platform provides the flexibility to integrate data from multiple sources and normalise it for use across the investment lifecycle. Climate data, such as carbon emissions across the portfolio, will also be incorporated.
Operational efficiency
For UniSuper, the aim is to improve decision-making and data quality without increasing operational complexity. The fund is looking to streamline how it processes investment data while enhancing its reporting capabilities. The setup is expected to support both day-to-day investment operations and long-term governance requirements.
