Edmond de Rothschild and CACEIS Agree on Service Partnership

Edmond de Rothschild group and CACEIS have agreed on a service partnership.

The deal follows exclusive negotiations at the end of 2013 and will allow the Luxembourg arm of the Edmond de Rothschild group to continue developing a value-added service, following the Edmond de Rothschild model and supported by its operational platform.

CACEIS will provide bookkeeping, custody, transfer agent and accounting services, while Edmond de Rothschild (Europe) will remain depositary and central administrator, meeting its commitments to its customers.

The deal involves assets of more than €20 billion. More than 110 Edmond de Rothschild employees will join CACEIS teams on October 1st 2014.

According to Marc Ambroisien, CEO of Edmond de Rothschild (Europe): “By choosing CACEIS, a global leader in this business and a long-standing partner of our Group, we have laid the foundations of our future development. Our teams have worked together in recent months, allowing us to maintain the highest levels of service and offer bespoke solutions that set us apart from the market.”

Pierre Cimino, managing director of CACEIS Bank Luxembourg, adds: “CACEIS hopes to support the Edmond de Rothschild group in its development strategy through its constantly changing service offering. The staff joining us will help ensure the quality and continuity of services for our partner and its customers.”