CACEIS selected as clearing and settlement agent by Orca Capital
Munich-based Orca Capital GmbH has selected CACEIS to provide cash equity clearing and settlement services for its global securities and bonds trading activity.
Orca Capital has also subscribed to additional services such as Securities Lending, and Derivatives Execution & Clearing. CACEIS had rapidly migrated Orca Capital to its systems, and services went live at the end of 2016.
Wolfgang Burckhardt, Managing Director at Orca Capital GmbH, said: "We were keen to engage a local, German-speaking service provider with a flexible client-centric approach and responsive support teams. We look forward to strengthening this initial partnership, and are confident that CACEIS’s expertise in Cash Equity Clearing and asset servicing will benefit our company. The high levels of STP, combined with global market knowledge, meet our requirements in terms of speed and efficiency of securities transaction processing.”
“We are very pleased to be working with Orca Capital, which is active on the world`s leading stock markets,” stated Holger Sepp, Member of the Management Board of CACEIS in Germany and responsible for German and Austrian clients. “CACEIS offers market-leading Cash Equity Clearing services out of its group servicing center in Germany. We are delighted to count Orca Capital among our many large national and international clients.”
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 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).