CACEIS renews collab with GemCap’s €4.7bn UCITS platform
Under the renewed mandate, CACEIS will continue to provide custody, fund accounting and transfer agency services to GemCap Investment Funds (Ireland).
Under the renewed mandate, CACEIS will continue to provide custody, fund accounting and transfer agency services to GemCap Investment Funds (Ireland).
Financial markets within Africa such as South Africa, Nigeria and Kenya are leading by example to pave the way for digital assets, say experts.
The firm’s assets under custody/administration also reached its highest ever peak at €15.9 trillion.
The bank had a bustling first quarter, securing a string of notable new mandates in Europe.
One of the new clients had “no existing services” with the custodian prior to signing up for Alpha.
Custodian also posts sixth consecutive quarter of positive revenue growth, reaching $2.1 billion during the quarter.
Asset servicer posted an impressive 18% year-on-year revenue increase in securities services and an uptick in assets under custody and administration during Q1.
Saham Group has acquired Societe Generale’s Moroccan banking unit, creating uncertainty about its custody offering in the country.
Double-digit rise in securities services revenue complemented by a 11% rise in AUC/A for the bank.
Three new Alpha clients also went live during the three-month period, taking the total to 21 live mandates to-date.