UBP selects CACEIS for fund administration services
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UBP selects CACEIS for fund administration services 19 May 2011Luxembourg Reporter: Justin Lawson
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UBP (Union Bancaire Privée), one of the largest Swiss asset managers has appointed CACEIS as the fund administrator for its Luxembourg and French fund ranges.
Under this new partnership, which covers €7 billion in Luxembourg fund assets and €550 million in French fund assets, CACEIS will deliver a comprehensive range of fund administration services from its offices in Luxembourg and France. From the outset, UBP will benefit from CACEIS's considerable operational efficiency gains and cutting-edge technology platform, whilst in the medium term, UBP plans to extend the partnership across the wider Continental European marketplace.
“Appointing CACEIS to administrate our funds enables UBP to focus resources on generating enhanced investment returns”, said Ian Cramb, Chief Operating Officer of UBP. “With a strong track record of providing expert fund administration services to companies operating throughout Europe, CACEIS was the logical choice for UBP. We are committed to delivering solid investment performance for our investors, and we believe that CACEIS is best placed to enable us to continue to achieve this.”
“UBP's decision was influenced by CACEIS's long-held experience in European fund administration, its global presence and its close involvement with asset servicing industry initiatives”, said Pierre Cimino, Managing Director of CACEIS in Luxembourg. “We are delighted UBP selected CACEIS to provide fund administration services for their Luxembourg and French fund ranges, and we look forward to building a meaningful and long term partnership with this leading player in Swiss asset management.”
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