ERES, a management company specializing in employee savings solutions, has chosen CACEIS to provide depositary and fund administration services for all of its employee savings funds.
The deal covers around 50 funds with assets of close to €1 billion. The funds comprise multi-company or dedicated FCPEs, employee shareholder funds for listed and unlisted companies, and FCPs eligible for retirement schemes.
According to Nicolas Vachon, CEO of ERES: “Through this partnership the funds concerned will benefit from the support of France’s leading provider of asset servicing. We based our decision on CACEIS’s expertise in the area of employee savings funds, its open architecture reporting system and the relationship it has already developed with our partner custody account keepers”.
Joseph Saliba, deputy chief executive officer in charge of business development at CACEIS, added: “CACEIS is ideally placed to support ERES in its development and compliance with changing regulations by providing a comprehensive range of services that is constantly being adapted. This new deal strengthens our position as a leading Asset Servicing provider for management companies specialized in employee savings solutions”.
ERES Appoints CACEIS
ERES, a management company specializing in employee savings solutions, has chosen CACEIS to provide depositary and fund administration services for all of its employee savings funds.