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Lifetri selects CACEIS for outsourcing asset management middle and back-office

04/27/2021

© Den Belitsky

The Dutch insurer Lifetri Group has selected CACEIS for the outsourcing of the middle and back office of its asset management organisation. Lifetri is a provider of life, funeral and term life insurance and works with pension funds and insurers to provide innovative solutions for participants in the field of guaranteed pensions. CACEIS, which acquired KAS BANK in 2019, is the leading European specialist in asset servicing.

CACEIS' outsourcing service to Lifetri includes full investment administration, transaction processing and investment reporting. This allows Lifetri to fully focus on its growth in the insurance and pension market.

The outsourcing enables Lifetri to continuously monitor its investments and have an integrated view on all internally and externally managed portfolios. The services of CACEIS are implemented by the European Centre of Excellence using the latest version of partner SimCorp Dimension. CACEIS supports the front office, executes the post-trade processes and reports on the investments. 

Han Rijken, Chief Investment Officer of Lifetri on the cooperation: "By outsourcing, Lifetri is assured of a state-of-the-art asset servicing process. This is an important pillar for our growth. It also allows Lifetri to focus on what we do best: building a robust and high-yielding investment portfolio that enables us to offer innovative, guaranteed insurance and pension products to Lifetri's customers.

Sikko van Katwijk, Country Managing Director Netherlands and United Kingdom at CACEIS: "We are delighted to have been selected by Lifetri as a strategic partner to support its growth objective. As part of Crédit Agricole and Santander, two of Europe’s largest banking groups, we have the scale and expertise to operate as a one-stop-shop for all the needs of our insurance customers. With this partnership, we are further realising our commercial ambitions."