SachsenFonds selects CACEIS as depositary bank 21 November 2013Berlin Reporter: Daniel Jackson
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The investment management company of SachsenFonds Group has mandated CACEIS to provide depositary services for its Alternative Investment Funds. SF Institutional Invest GmbH manages real estate assets and development projects linked to renewable energies.
CACEIS is the largest depositary bank and fund administrator in Europe.
Jürgen Gobel, managing director of SachsenFonds, said: “CACEIS is an experienced partner in the closed-end fund industry and has available comprehensive know-how in those asset classes, which are important to us. CACEIS’s experience with handling AIFMD compliance and the group’s broad service offering for AIFs such as special funds has convinced us they have the qualities we seek”.
Holger Sepp, co-head and member of the management board of CACEIS in Germany, said: “At CACEIS, we are committed, both in Germany and abroad, to delivering AIFMD compliant services to closed-ended funds and as such, we look forward to providing the level of servicing required to support SF Institutional Invest’s innovative investment concepts. I believe our services provide a very close fit for the sophisticated requirements of SF Institutional Invest’s business.”
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