CACEIS Named Depositary For AXA’s Funds Business in Germany

AXA Investment Managers Deutschland has appointed CACEIS as depositary for its entire existing real estate open ended mutual and special funds business in Germany, with a total fund volume of some €2.5 billion.
By Janet Du Chenne(59204)
AXA Investment Managers Deutschland has appointed CACEIS as depositary for its entire existing real estate open ended mutual and special funds business in Germany, with a total fund volume of some €2.5 billion.

The appointment follows a request for proposal.

“CACEIS is one of only a few service providers that is able to provide a comprehensive range of services for both mutual and special funds”, states Matthias Leube, managing director of Real Estate within AXA Investment Managers Deutschland. “During our selection process, CACEIS’s wide experience in business migration as well as its status as a leading independent, third-party depositary, were decisive factors.”

Following this appointment, CACEIS provides depositary services for 16 real estate investment companies with a volume of some €16 billion.

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