CACEIS opens Swiss branch 11 june 2015Luxembourg Reporter: Stephen Durham
Image: Shutterstock
CACEIS is set to open a new banking branch in Switzerland, CACEIS Bank Switzerland Branch, to increase its presence in the market in accordance with its European expansion strategy.
The group has been active in Switzerland since 2006 via its subsidiary, CACEIS Switzerland, one of the top ten local management company service providers.
CACEIS Bank Switzerland Branch will act as a depositary for Swiss collective investment schemes, as a local and global custodian for pension funds, insurance companies and banks, and as a paying agent for funds domiciled abroad.
The branch is fully integrated with the group’s operational platforms, giving Swiss clients access to the full range of CACEIS’s asset servicing solutions.
Philippe Bens, CACEIS’s senior country officer for Switzerland, said: “For many years, our clients have had confidence in our ability to deliver fund management and administration services in Switzerland.”
“We are now enhancing our offering in the market by taking full advantage of the group’s expertise in the field of depositary and custody banking services.”
François Marion, CEO of CACEIS, added: “The launch of our Swiss banking branch demonstrates the strategic importance of this market for the group.”
“It will allow our clients to benefit from the full range of post-trade services offered by CACEIS.”
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: Shutterstock 