CACEIS has a long history of servicing clients operating in the UK, and since 2015, has a fully authorised entity with a presence in the heart of London.
CACEIS is fully committed to further developing its business in the UK, and has put in place the financial means, obtained the necessary authorisations and rolled out the AIFMD and UCITS compliant products and services that allow it to become a key partner for UK-based players managing alternative and traditional investment products.
CACEIS’s UK offices are located on Appold Street in London, in the same building as its sister companies of the Crédit Agricole group, with a total of 1,000 employees in the UK. In early 2017, CACEIS recruited Neil Coxhead as Head of Regional Coverage for the UK and Ireland. He is expanding the office’s client facing team in order to service UK based clients with local client service.
CACEIS in Europe has in-depth experience in administering and providing Depositary and Fund Administration services to alternative investments. As the UK is one of the fastest growing markets in the alternatives sector, CACEIS is in a strong position to support AIFMs, leveraging the group’s considerable infrastructure, its systems and global expertise. With a full AIF Depositary licence in the UK, as opposed to some providers’ “depo-lite” service, and access to its specialised post-trade functions for all asset classes, CACEIS aims to become the partner of UK fund managers for "Execution to Custody".
Due to CACEIS’s close business relationship with its shareholder and sister companies, as part of Crédit Agricole’s “Premium Clients Division”, CACEIS provides bridge financing solutions (subscription line facilities) to give clients greater flexibility in managing assets. There will likely be even more business synergies resulting from Credit Agricole’s premium clients division in the near future.
The UK entity is also authorised as a fully licenced UCITS Depositary and offers a comprehensive range of services to traditional investment funds. CACEIS is Europe’s leading Depositary, with €964bn in assets and a leading Fund Administrator, with €1.6bn in assets. Its London office allows it to export this considerable servicing expertise to the UK market. In a market as competitive as the UK, many traditional managers are looking to broaden the scope of their business by branching into alternatives, while many alternative managers are seeking to benefit from the mass market appeal of traditional funds. CACEIS’s experts are on hand to assist with such projects from the initial concept, through the authorisation phase, and on to distribution support thus enabling clients to achieve their business development objectives.
The most recent products made available to clients operating in the UK are clearing services designed to streamline post-trade processes for listed and OTC derivatives, and ETF distribution support services. CACEIS has also seen significant growth as a Regional Paying Agent, where from its offices in Belgium, France, Germany, Ireland, Italy, Luxembourg, Switzerland and the Netherlands, it coordinates investor activity for funds that are distributed cross-border.
In conclusion, CACEIS offers extensive service solutions for large global managers and local boutiques alike managing both traditional and alternative products. The group is strongly committed to further developing its business presence in the UK by meeting clients’ needs in terms of robust services and product expertise supported locally from London.