CACEIS provides trustee services to Hong Kong funds
As of January 2017, CACEIS features on the Hong Kong Securities & Futures Commission’s list of authorised trustees for Hong Kong-domiciled funds.
Hong Kong-domiciled funds allow asset managers to access the Chinese onshore retail market as part of the Mutual Recognition of Funds (MRF) programme. The MRF programme enables managers of Hong Kong and Chinese-domiciled funds to distribute their products in both jurisdictions.
When appointed as trustee for a Hong Kong domiciled fund, CACEIS can assist in obtaining authorisation from the Securities & Futures Commission. Furthermore, as a member of the Hong Kong Trustees’ Association, CACEIS’s services are governed by the association’s best practice principles and guidelines, ensuring a high standard of professional conduct.
CACEIS in Hong Kong provides comprehensive fund distribution support and related services to clients active in the Asian market. And by leveraging the group’s considerable experience in the European depositary/trustee space, CACEIS can ensure its clients are well positioned to make the most of the business development opportunities offered by the Mutual Recognition of Funds programme.
CACEIS is the asset servicing banking group of Crédit Agricole dedicated to institutional and corporate clients. Through offices across Europe, North America and Asia, CACEIS offers a broad range of services covering execution, clearing, depositary and custody, fund administration, middle office outsourcing, forex, securities lending, fund distribution support and issuer services. With assets under custody of €2.5 trillion, under depositary of €964bn, and assets under administration of €1.6 trillion, CACEIS is a European leader in asset servicing and one of the major players worldwide (figures as of 31 December 2016).