CACEIS wins UK depositary mandate for Bellevue Group


Swiss Bellevue Group, the independent Swiss financial boutique, selected CACEIS as Depositary provider for BB Healthcare Trust plc, which it launched on the London Stock Exchange on 2nd December. Set up as a UK Investment Trust, and managed by Bellevue Asset Management AG, BB Healthcare Trust plc launched with an initial issue volume of £150 million. Services will be ensured by CACEIS’s UK depositary banking branch.

André Rüegg, CEO of Bellevue Asset Management stated, “Following an intensive selection process in close collaboration with the board of trustees, we are confident that we have selected the best suited service provider for the BB Healthcare Trust plc. CACEIS has extensive depositary experience in Europe and its London branch has demonstrated its capacity to handle our specific requirements in terms of UK depositary services.”

Joe Saliba, CACEIS Deputy CEO said, “We are delighted to welcome Bellevue to the growing list of clients of our UK Depositary bank. Our London-based depositary operation has met with considerable success, enabling us to effectively export our recognised expertise in depositary services to the UK asset management community. We look forward to working with Bellevue and are keen to strengthen our new business partnership.”