French Personal Insurer Renews Mandate With CACEIS

CNP Assurances has renewed its relationship with CACEIS for the safekeeping of all its foreign and domestic assets, relating to its insurance business in France.
By Janet Du Chenne(59204)
CNP Assurances has renewed its relationship with CACEIS for the safekeeping of all its foreign and domestic assets, relating to its insurance business in France.

The agreement has a duration of five years, renewable up to nine years, and covers €280 billion in assets.

In addition to custody, the contract encompasses settlement bank services, registrar, general assembly meetings, selected back office processing of non-listed investments, management of collateral and processing of stock lending and repos.

Joseph Saliba, deputy CEO of CACEIS, in charge of business development, stated: “Over the years, we have built a relationship based on confidence with CNP Assurances, following their daily activities and accompanying them with their projects. Our principal objective in honoring the renewal of this mandate will be to reinforce the links between our two groups. We are committed as a partner of choice for CNP Assurances by adapting our service offer to the needs of our client and the changing regulatory landscape”.

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