CACEIS to be depository for Acer Finance fund 29 January 2015Paris Reporter: Stephanie Palmer
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Parisian asset manager Acer Finance has chosen CACEIS investor services to act as depository, custodian and valuation agent for a dedicated fund.
CACEIS will also be responsible for the execution and clearing of the fund’s derivatives.
Eric Pinon, deputy CEO of Acer Finance, said: “We were looking for an expert partner, capable of handling all operations for a dedicated fund managed for a large institutional investor. CACEIS’s service offering was an excellent fit for this new activity.”
Hubert Montcoudiol, head of regional coverage for French clients at CACEIS group, and member of the executive committee, added: “The development of our ‘execution to custody’ model in 2014 has enabled us to win new mandates such as Acer Finance’s dedicated fund. Our service range covers every stage of the various asset classes’ lifecycles.”
He added: “Our comprehensive product offering is designed for institutional investors and asset management companies, and brings a competitive advantage to clients such as Acer Finance, who are in search of a global partner.”
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