CACEIS Appointed Depositary For IVG’s Real Estate Funds

CACEIS Investor Services has been appointed the depositary for the real estate funds of Frankfurt-based IVG Institutional Funds GmbH (IVG IF).

By the end of February, IVG IF will transfer its € 6.3 billion portfolio from former depositary Sal. Oppenheim, after the German bank chose to transfer its real assets depositary functions to CACEIS.

“We are further encouraged by IVG IF’s decision to engage our services. We will perform the migration of the vast majority of the portfolios held at Sal. Oppenheim to CACEIS by the end of February 2015,” said Holger Sepp, board member of CACEIS Bank Deutschland.

“This will strengthen our role as the leading independent depositary for real estate funds in Germany.”