CACEIS acts as the main custodian and administrator for many of the money market funds in the French market.
The asset manager will use CACEIS’s OLIS Performance tool to facilitate the management and provide data on their financial portfolios.
CACEIS will also act as the main listed derivatives clearer for the French investment bank.
The move will enable CACEIS to add Italy to the list of European countries in which it already operates directly through T2S.
CACEIS adds Crédit Agricole investment banking head in private equity division.