CACEIS Bank Luxembourg – London Branch received regulatory approval to provide depositary services to alternative investment funds.

This enables the CACEIS group to provide a full range of depositary and custody services to alternative investment fund managers operating in the UK market. 

CACEIS has a long history of servicing UK clients, and with this approval, will be able to directly support these clients in their home market. 

 

According to the Chief Executive Officer of the London Branch, Clara Dunne, “We focus on assisting UK - based alternative clients in meeting AIFMD’s local depositary requirements, and are now in a position to offer our full range of fund administration and middle - office services to those clients. From here, we will build a fully - fledged asset servicing solution for our international fund manager clients with UK - domiciled mutual funds.”

 

François Marion, CEO of CACEIS, commented, “Our London Branch adds to the group’s already extensive depositary network in Europe. We are in a strong position to provide depositary, custody and fund administration services to the UK’s alternative investment sector, in Europe’s premier AIF domicile. With our extensive AIF experience, we aim to become a key service provider for the UK alternative investment community.”

 

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 execution, clearing, depositary and custody, fund administration, middle office outsourcing, forex, securities lending, fund distribution support and issuer services. With assets under custody of € 2.4 trillion and assets under administration of€1.4 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 2014).

www.caceis.com

 

Claude Michaux

Deputy Group Communications Director

Tel.: +352 4767 2792

claude.michaux@caceis.com