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CACEIS Investor Services
1-3 Place Valhubert, 75006 Paris, France
Tel: + 33 1 57 78 00 00
Email: [email protected]
Country of origin: France (CACEIS is the global investor services business line created in 2005 by a joint venture between the Securities Services arms of French banking groups Crédit Agricole Group and Natixis).
Operating in Europe: active since mid-1980s.
François Marion (Paris), Chairman of the Management Board
Michel Bois (Paris), Member of the Management Board
Guillaume Fromont (Paris), Member of the Management Board
José-Benjamin Longrée (Luxembourg), Managing Director, CACEIS Bank Luxembourg
Business Split: Custody represents 64% of total Net Banking Income at the end of 2007.
Parent’s other main business lines:
• Fund administration (30%)
• Corporate trust (6%)
Domestic markets that are strategically important in the near future
• Hong Kong
Services offered in addition to Custody
• Securities lending
• Equity finance
• Cash management
• Collateral management
• Tax reclamation
• Commission recapture
• Performance attribution
• Proxy voting
• Compliance monitoring
• Fund admin services
• Transfer agency
• Distribution support
• Transition management
• Others: Regulatory reporting; tax reporting;
tax reclaim; fund structuring; fund accounting;
automated pooling; financial reporting; fund
unit pricing; daily/intra-daily/real-time
valuations; hedge fund and FoHF valuations;
multiple share class; multiple pricing;
shareholder record keeping; shareholder
reporting; company secretary service; virtual
pooling; cloning; dealing room functions;
funds dealing; corporate trust service
Products/services showing the greatest increase in demand in past twelve months:
Over the past few years, CACEIS has developed a comprehensive servicing offer to alternative funds. We have invested heavily in staff and IT tools to support the growth and sophistication of these vehicles. The past twelve months have seen increasing client demand for servicing hedge funds, funds of hedge funds, private equity structures and supplementary services, such as middle office functions, securities lending and cash management services.
In addition, we recently leveraged our expertise in alternative investments to offer a full range of support services to life settlement funds.
2007 and 2008 were marked by the expansion of our cross-border fund distribution support services.
Products and services for development over the next twelve months:
CACEIS already provides a comprehensive service offer and therefore, we have no specific plans to develop new products or services. However, we constantly enhance our products and services and ensure our technology platforms remain at the cutting edge. For example, we are always working to increase our STP rate. We are participating in the pilot working group of Alliance Lite, Swift's new service, as well as Swift's Sharp working group, which is defining new message standards for hedge funds. ©2008 Funds Europe