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  • 2014/09/16
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RWB selected CACEIS as depositaryRWB selected CACEIS as depositary for private equity funds for private equity funds


RWB PrivateCapital Emissionshaus AG (RWB), based in Munich, has selected CACEIS as depositary under KAGB. RWB is thus complying with new obligations in the German Investment Act relating to the Alternative Investment Fund Managers (AIFM) Directive which came into force on 1st July 2014. The mandate for 20 private equity funds of funds totals €1 billion in assets.

"We have selected CACEIS, a company well-known for its extensive expertise in the area of closed-ended funds," stated Norman Lemke, Managing Director of RWB. "We were particularly impressed by CACEIS`s migration experience, which means a rapid implementation of KAGB requirements can be ensured."

Holger Sepp, Board Member of CACEIS in Germany, said: "We are proud to have won RWB`s confidence on the strength of our service offer’s reputation in the market. RWB is the market leader for private equity funds of funds in Germany and has an extensive portfolio of international private equity investments with a wide range of funds of funds. Due to the size of the mandate, the project required precise planning to ensure its smooth implementation. CACEIS has the necessary skill to carry out such a complex migration."



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).



About RWB

RWB PrivateCapital Emissionshaus AG is part of RWB Group and offers long-term capital investments to be incorporated into corporate or private pension plans. Since 1999 RWB Private Capital Emissionshaus AG (RWB) has pioneered the market for real assets by providing its clients with broadly diversified private equity funds-of-funds. RWB is one of the first asset managers to make private equity accessible to private clients via instalment savings plans. With over 150 fund investments and managed assets of over €1.8 billion on behalf of more than 73.000 private clients, RWB is the most experienced issuing house for private equity investments in Germany.


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