CACEIS Fonds Service GmbH has taken over fund accounting for 16 closed-end special funds for KGAL Group. The funds’ assets are EUR3.6bn. Both parties have completed the transfer of the associated team from KGAL, based in Gruenwald near Munich, to CACEIS. CACEIS provides bookkeeping, including the calculation of NAVs, financial balancing, regulatory reporting, and production…
Category: CACEIS
CACEIS signs deal with FIS for payments hub
CACEIS has signed a long-term deal with FIS for an enhanced payment hub. The FIS Open Payment Framework is a real-time payments platform that supports ISO 20022 payments standards. In addition to ISO 20022, the platform will support SEPA credit transfer, direct debit and instant payments, as well as SWIFT gpi and high-value payments.
Frans Annokkee joins CACEIS in the Netherlands
CACEIS has appointed Frans Annokkee as a senior business development manager in the Netherlands. In this role he shares responsibility for asset managers, funds, private equity, real estate and private debt. Prior to this, Annokkee worked at Pictet Asset Management.
Fritz Bruinings joins CACEIS in the Netherlands as bus dev mgr
CACEIS has appointed Frits Bruinings as business development manager in the Netherlands. Bruinings previously worked for InAdmin Riskco as a sales manager.
CACEIS to service new PE fund for C4 Ventures
CACEIS has been selected by C4 Ventures, a European venture capital firm, to provide custody, middle-office and administration services for its new fund, C4 Ventures II. Building on the success of its first fund, C4 Ventures II will continue to support fast-growing companies in three major themes: smart hardware, future of commerce, and digital media.…
CACEIS completes first wave of fund migrations for CANDRIAM
CACEIS has completed the first of three fund migration waves for CANDRIAM, the French asset manager. This operation took place while all teams were working remotely. The migration involved 26 Luxembourg sub-funds accounting for some EUR10bn in assets. The operation involved a range of services, including depositary, custody, fund administration, transfer agency, fund distribution, securities…
CACEIS completes remote migration of Popular funds in Spain
CACEIS in Spain has remotely migrated the Popular Asset Management and Popular Pensiones portfolios. Popular Asset Management and Popular Pensiones, two companies merging with Santander Asset Management and Santander Pensiones, switched to CACEIS as their depositary bank in Spain. With all staff working remotely, 107 funds were migrated to CACEIS, (59 investment funds and 48…
CACEIS and Amundi joins forces for front-to-back solution
CACEIS has partnered with Amundi, the French asset manager, to offer a front-to-back outsourcing solution for asset owners and managers. This brings together Amundi Services’ ALTO portfolio management platform with CACEIS’ middle office and back office services. Both CACEIS and Amundi are owned by Crédit Agricole.
CANDRIAM to move from RBC to CACEIS
CACEIS has finally confirmed that CANDRIAM, the French asset manager, will migrate asset servicing activities (custody, fund administration, transfer agency) for its Luxembourg and French funds from RBC I&TS to CACEIS. The migration will start at the end of March 2020, following approval by the competent regulatory authorities. It will take place in three waves…
CACEIS to provide depositary services to Fondazione ENPAIA in Italy
CACEIS, the asset servicing banking group of Crédit Agricole, has been appointed to provide depositary bank and related services by Fondazione ENPAIA, the National Social Security Institute for Agriculture Industry Workers in Italy. ENPAIA has over 38,000 subscribers and more than EUR1.5bn in assets under management.