CACEIS reports assets under custody increase 07 August 2017Paris Reporter: Jenna Lomax
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French asset servicing firm CACEIS has reported that its assets under custody increased by 13.7 percent in Q2 2017.
Its assets under administration also increased by 12.3 percent over Q2 2016.
These increases follow a flurry of mandate wins in the last quarter, including an agreement with Orca Capita for CACEIS to provide cash equity clearing and settlement services to the brokerage company.
Orca Capital, which is based in Munich, also included assistance with securities lending, derivatives execution and clearing in the agreement.
The French Pharmacists’ Pension Fund (CAVP) also chose CACEIS in June, to act as depository, custodian and valuation agent for a range of funds and financial investments.
Elsewhere, Thélem Assurances, an insurance company, selected CACEIS to provide custody services for its asset management activities.
Thélem Assurances awarded the mandate to CACEIS after deciding to simplify its custodian relationships, according to CFO Benoit Jullien.
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