Deutsche Bank adds to Pacific Life mandate 17 May 2017New York Reporter: Drew Nicol
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Deutsche Bank is broadening its relationship with Pacific Life Insurance Company through its subsidiary Cadence Capital Management.
The bank has been selected to provide fund administration services for Cadence, a Boston-based asset manager with $4 billion in assets under management, which was acquired by Pacific Life in 2016.
Its fund services business will provide fund accounting and investor services to the Cadence Global Equity Fund LP.
“We are proud to support Cadence through our award-winning fund administration platform and further build on our strong relationship with Pacific Life,” said David Rhydderch, global head of alternative fund services within Deutsche Bank’s global transaction banking business.
“During the entire lifecycle of a fund, Deutsche Bank provides clients with access to a comprehensive range of solutions, value-add services such as foreign exchange and regulatory reporting, and proven global expertise.”
Mike Skillman, CEO at Cadence Capital Management, said: “We selected Deutsche Bank for their market-leading technology platform and focus on client service.”
“As Cadence grows its global equity fund offering, we know Deutsche Bank will deliver holistic and innovative fund administration solutions.”
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