CACEIS has opened a new depositary bank branch in Belgium, providing depositary and custody services in addition to the current fund administration services it provides for clients in the Belgian market.
The Brussels-based depositary bank will be AIFMD-compliant, helping clients in meeting the local depositary requirements for AIFs. The bank will also be able to offer all services required by clients promoting investments under the UCITS regime. Having received approval from the National Bank of Belgium (NBB), the Belgian financial institution supervisory body, CACEIS is now able to offer a wide range of additional asset services to clients active in the Belgian market.
Joe Saliba, Deputy CEO of CACEIS commented, “Clients have long relied upon CACEIS’s Belgian fund administration offer, and now we are bolstering that offer by bringing the group’s depositary banking and custody expertise to the Belgian market. By doing so, our clients can benefit from a full-fledged asset servicing solution.”
The opening of the Belgium depositary bank follows the announcement that CACEIS has opened a depositary bank branch in the Netherlands.
CACEIS Opens Belgian Depositary Branch
CACEIS has opened a new depositary bank branch in Belgium, providing depositary and custody services in addition to the current fund administration services it provides for clients in the Belgian market.
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