Petercam awards CACEIS full-service mandate for its Luxembourg Sicav range

Following a thorough RFP process, Petercam has selected CACEIS as the asset servicing provider for the major part of its Luxembourg Sicav range. CACEIS's full-service proposal covers all of Petercam's on-going support requirements including custody and depositary banking, fund administration and transfer agency.

The mandate was awarded to CACEIS on the strength of the group's service offer as well as its ability to support Petercam in implementing its institutional development strategy aimed at increasing its proximity to institutional clients by setting up local branches across continental Europe.

Commenting on the mandate, Hugo Lasat, Partner and Member of the Management Board of Petercam said: “Following a thorough analysis of all the proposals received, we selected CACEIS’s offer which included all the key added-value services required to support our investment management capabilities in today's rapidly-changing financial environment.”

Joe Saliba, CACEIS Deputy CEO, added: “Our teams made every effort to design the most attractive proposal for Petercam's business, and following their decision to award us the mandate, all our efforts were focused on ensuring a smooth migration by the agreed deadline. We are confident in our ability to support Petercam's international development plans and look forward to working with our new partner over the coming years.”

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, 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).
www.caceis.com

About Petercam
Petercam is an independent investment firm specialising in private asset management and estate planning, in institutional asset management and in investment banking activities (corporate finance and intermediation in equity and bonds). In Belgium, Petercam is headquartered in Brussels and is active through 8 regional offices. At international level, Petercam is active in the United States and in Europe with branches in Germany, Spain, Luxembourg, The Netherlands, UK and Switzerland. As at 31 December 2012, Petercam employed 425 people and managed assets totaling approx. 13.6 billion euro for private and institutional clients, companies and public institutions.
www.petercam.com