CACEIS Expands Network to Switzerland

French bank CACEIS has opened a new depositary and custody branch in Switzerland, as it looks to carry out its European expansion strategy.

The branch, CACEIS Bank Switzerland Branch, will act as a depositary for Swiss collective investment schemes, as a local and global custodian for pension funds, insurance companies and local banks, as well as a paying agent for funds domiciled abroad.

“We are now enhancing our offering in the market by taking full advantage of the Group’s expertise in the field of depositary and custody banking services,” says Philippe Bens, senior Country Officer for Switzerland, CACEIS.

The branch is fully integrated with the Group’s operational platforms, giving Swiss clients access to a full range of asset servicing solutions.

“The launch of our Swiss banking branch demonstrates the strategic importance of this market for the Group,” adds Francois Marion, CEO, CACEIS.