After consulting with a number of market players, the CAVP (French Pharmacists’ Pension Fund) selected CACEIS to act as depositary, custodian and valuation agent for its range of funds and financial investments. CACEIS will also be in charge with providing middle office and look-through services.
CFO of the CAVP Alain Pestre stated, “We were convinced by the expertise of CACEIS staff and the flexibility of their solutions. By centralising all of our assets with CACEIS, a leader in asset servicing, we can advance the optimisation of our business processes.”
Philippe Bigeard, in charge of institutional clients at CACEIS in France, added, “We are very pleased that our long-time partner, the CAVP, has chosen to retain us as their sole service provider, as it is proof of their trust in us. With our broad range of solutions, we at CACEIS enable our clients to focus on their core business.”