RBC has completed the sale of the European asset servicing activities of RBC Investor Services, and its associated Malaysian centre of excellence, to CACEIS. CACEIS’ acquisition of the business of the UK branch of RBC Investor Services Trust and RBC Investor Services business in Jersey is expected to take place in the coming months, subject…
Category: CACEIS
CACEIS granted PSAN status
CACEIS Bank, the CACEIS group’s French banking entity, has been granted PSAN (digital assets service provider) status by the AMF, France’s financial markets authority. PSAN status enables CACEIS Bank to offer digital asset custody services to third parties, CACEIS says it is the first milestone in the development of a digital asset custody service that…
CACEIS onboards Kepler Cheuvreux
CACEIS has completed the migration of the operations of Kepler Cheuvreux, the European sell-side firm, onboarding cash equity clearing & settlement activities. The mandate covers c.30 trading venues and eight CCPs across c.35 CSDs. CACEIS handles all of Kepler Cheuvreux’s activities across clearing & settlement, custody, reporting services for corporate brokerage, and securities lending.
SGSS hires sales director for France
David Lachkar has joined Société Générale Securities Services as institutional sales director for France. He previously spent nearly 13 years at CACEIS. Based in Paris, he reports to Stéphanie Gaudoux, SGSS head of coverage for France and Continental Europe.
CACEIS wins Ireland ETF mandate
CACEIS has been appointed by Investlinx Investment Management to provide depositary, custody, fund administration and execution services for Investlinx ICAV, a recently launched Irish UCITS ETF. The Investlinx ICAV will also deploy CACEIS’ ETF solutions and tools, including TEEPI ETF, a dedicated AP order portal.
CACEIS adds OSMOZE to app store
CACEIS has agreed with Heavenize, a fintech specialising in front-office software, to offer OSMOZE, a decision-making dashboard for all asset classes, to management companies and institutional investor clients. Available via the Connect Store, CACEIS’ subscription hub for fintech partners’ services, the OSMOZE platform provides portfolio managers with asset management and investment simulation tools to fine-tune…
CACEIS to support SideCaps
Germany-based fintech SideCaps has launched a block trade platform for listed SME secondary-line stocks. The platform is designed to create a liquidity pool for German SME block trades. Vertically integrated with XETRA and Eurex CCP, SideCaps provides counterparty risk management and settlement discipline. CACEIS will settle and clear cash equity transactions for all trades executed…
CACEIS strengthens ETF offering
CACEIS has strengthened its ETF solution through a new partnership with ETF index and data specialist, ULTUMUS, which will become its portfolio composition file (PCF) solution provider. Adding PCF capabilities through ULTUMUS now means that CACEIS is a one-stop-shop. It removes barriers to access the market and facilitates the launch of ETF funds for new…
New CEO for CACEIS
The board of directors of CACEIS has appointed Jean-Pierre Michalowski as CEO, effective 6 March 2023. He will also become a member of Crédit Agricole S.A. management committee. He was most recently senior country officer of Singapore at Crédit Agricole CIB. Michalowski takes over from Jean-François Abadie, who spent six years as CEO. He has…
CACEIS/BNPP JV receives regulatory approvals
The draft agreement between BNP Paribas’s securities services business and CACEIS to combine their issuer services businesses, first announced in March 2022, has received approvals from the competition and regulatory authorities. The JV will be called Uptevia.