17.11.2016

Frankfurt-Trust selects CACEIS for Depositary and Custody Services

Following a request for proposal process, CACEIS was selected as servicing provider for Frankfurt-Trust Invest Luxembourg AG’s entire securities asset range, which amounts to €5.3 billion

As part of the deal, CACEIS took on the entire staff from the group’s former servicing provider, BHF–BANK International, (with the exception of the members of the management board), and started providing services from the beginning of November 2016.

Karl Stäcker, Chairman of the Management Board of Frankfurt-Trust, stated: "We undertook an extensive tender process which had a specific focus on the need for market-leading systems and a clear understanding of German clients’ requirements.” Stäcker added: “Ultimately, CACEIS’s expertise and proven business processes convinced us that they were the best choice for our company."

“Frankfurt-Trust is another important cross-border client for CACEIS’s securities business”, commented Holger Sepp, Head of Regional Coverage for Germany and Austria. “Our services are based on the Group’s global IT platform which operates in full compliance with the requirements of German clients. Furthermore, we are very pleased to have been selected by Frankfurt-Trust, and to have gained them as a new client for the CACEIS Group.”

Pierre Cimino, Managing Director of CACEIS in Luxembourg said: “This successful business integration, which includes the transfer of all staff members, once again demonstrates CACEIS’s industry-recognised capacity to plan and manage smooth migration processes with uninterrupted services for the end-investor.”

Press Contact

CACEIS

Claude Michaux

Deputy Group Communications

Tel.: +352 4767 2792   

claude.michaux@caceis.com

FRANKFURT-TRUST

Caroline Ebert

NEWMARK FINANZKOMMUNIKATION 

Tel.: +49 69 94 41 80 50

caroline.ebert@newmark.de

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 €2.3 trillion and assets under administration of €1.5 trillion, CACEIS is a European leader in asset servicing and one of the major players worldwide (figures as of 31 December 2015).

www.caceis.com

FRANKFURT-TRUST Invest Luxemburg AG is a fund management company governed by Luxembourg law and a wholly owned subsidiary of FRANKFURT-TRUST Investment-Gesellschaft mbH, Frankfurt am Main. FRANKFURT-TRUST Invest Luxemburg offers individual investment solutions to wealth managers and high net worth private clients by providing mutual funds and specialized investment funds. Currently the company manages an investment volume of EUR 5.1 billion in 67 mutual funds, special funds and advisory mandates.