Popular Asset Management S.G.I.I.C and Popular Pensiones E.G.F.P, two companies merging with Santander Asset Management and Santander Pensiones, switched to CACEIS as their depositary bank in Spain.
As part of the move, 107 funds were migrated to CACEIS in Spain, (59 investment funds and 48 pension funds) accounting for some €9.4 billion in assets.
Meanwhile, CACEIS has further consolidated its position, with a share of the Spanish market now in excess of 20 percent.
During the current lockdown period, CACEIS said it is continuing to demonstrate its “unwavering commitment to supporting clients’ development plans and reorganisation strategies”.
Elsewhere, CACIES also recently announced its continued partnership with the Pensions and Lifetime Savings Association for the second year running to provide data and custody governance education.
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