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- 2007/07/03
- 3 min
- 0
HypoVereinsbank sells securities and custodial activities to CACEIS.
CACEIS, the French securities services provider, will take over the securities and custodial services of HypoVereinsbank (HVB), effective at the end of 2007. Today, both companies signed an agreement to this effect. CACEIS and HVB have been conducting exclusive negotiations since mid-March 2007. The agreement is subject to the consent of the competent regulatory authorities...
François Marion, Chaiman of the Management Board of CACEIS: "For CACEIS, the acquisition of HVB securities and custodial activities is part of our strategy of targeted international acquisition growth"[...]
