- 3 min
Mondial awards mandate to CACEIS in Germany for Real Estate Funds
Mondial Kapitalanlagegesellschaft mbH, a Germany-based investmencompany, selected the asset servicing group, CACEIS, to perform the Depotbank function for its Real Estate special funds. Mondial’s funds include investments in commercial estates such as for local suppliers, logistics or student hostels.
“CACEIS is the perfect match for our business, especially regarding the bank’s expertise in the field of Real Estate,” explains Cornelius Hell, Managing Director at Mondial KAG mbH and responsible for the Request for Proposal (RfP) processes. “We especially appreciate CACEIS’s diverse range of services and its client-orientated approach.”
“We are delighted that Mondial has seen the value in our real estate expertise and now we are looking forward to building a strong business partnership,” said Holger Sepp, Co-Head and Member of the Management Board of CACEIS in Germany.
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, derivatives clearing, forex, securities lending, fund distribution support and issuer services. With assets under custody of €2.5 trillion and assets under administration of €1.3 trillion, CACEIS is one of the world market leaders in asset servicing and the largest depositary bank and the premier fund administrator in Europe (figures to 31 December 2012).
Deputy Group Communications Director
Tel.: +352 4767 2792