CACEIS extends Fonds de Garantie services 24 October 2011Paris Reporter: Ben Wilkie
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The Fonds de Garantie, the French solidarity compensation fund set up in the general interest, has entrusted CACEIS with the valuation and institutional accounting of its two funds, the FGAO and the FGTI.
This new appointment stems from the long relationship of trust established between the Fonds de Garantie and CACEIS, its principal custodian.
The assets held in custody by CACEIS will total some €1.2 billion on behalf of the FGAO and €800 million for the FGTI. CACEIS will also provide custodial, valuation and legal services for the Fonds de Garantie’s three SICAVs as well as middle-office services for its two self-managed SICAVs.
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