CACEIS opens Belgian depository 29 July 2013Belgium Reporter: Georgina Lavers
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CACEIS has opened a new depository bank branch in Belgium, where it currently provides fund administration services.
The new bank will be in a good position to offer AIFMD-compliant services, such as assisting clients in meeting the local depository requirements for AIFs.
The bank will also be able to offer all services required by clients promoting investments under the UCITS regime.
Having received approval from the National Bank of Belgium, the country’s financial institution supervisory body, CACEIS is now able to offer a wide range of additional asset services to clients active in the Belgian market.
Joe Saliba, deputy CEO of CACEIS, said: “Clients have long relied upon CACEIS’s Belgian fund administration offer, and now we are bolstering that offer by bringing the group’s depository banking and custody expertise to the Belgian market."
"By doing so, our clients can benefit from a full-fledged asset servicing solution. For CACEIS, our clients and their investors, the safety of invested assets is fundamental, and CACEIS’s new bank in Belgium will play a key part in ensuring the highest level of security for those assets.”
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