ERES has selected CACEIS to provide depositary and fund administration services

ERES, a management company specialised in employee savings solutions, has chosen CACEIS to provide depositary and fund administration services for all of its employee savings funds (multi-company or dedicated FCPEs, employee shareholder funds for listed and unlisted companies, and FCPs eligible for retirement schemes). The deal covers around 50 funds with assets of close to one billion euros.

According to Nicolas Vachon, CEO of ERES: “Through this partnership the funds concerned will benefit from the support of France’s leading provider of asset servicing. We based our decision on CACEIS’s expertise in the area of employee savings funds, its open architecture reporting system and the relationship it has already developed with our partner custody account keepers”.

Joseph Saliba, Deputy Chief Executive Officer in charge of business development at CACEIS, added: “CACEIS is ideally placed to support ERES in its development and compliance with changing regulations by providing a comprehensive range of services that is constantly being adapted. This new deal strengthens our position as a leading Asset Servicing provider for management companies specialised in employee savings solutions”.

About CACEIS

CACEIS is the asset servicing banking group dedicated to institutional and corporate clients. Through offices across Europe, North America and Asia, CACEIS offers a broad range of services covering depositary and custody, fund administration, middle office outsourcing, execution, derivatives clearing, forex, securities lending, fund distribution support and issuer services. With assets under custody of €2.3 trillion and assets under administration of €1.3 trillion, CACEIS is one of the world market leaders in asset servicing, the second depositary bank and the leading fund administrator for European funds (figures as of 31 December 2013).

www.caceis.com

About ERES

ERES is a management company dedicated to employee and retirement savings. ERES is wholly owned by DEBORY, an independent entrepreneurial entity specialised in corporate consulting and the distribution of retirement savings solutions.

Using a rigorous procedure based on in-depth knowledge of the investment management sphere, constant contact and always asking questions, ERES selects quality management companies and manages a range of multi-company or dedicated employee or retirement savings funds. ERES has also built up recognised expertise in the management of employee savings shareholder funds.

www.eres-gestion.com