In early July 2018, CACEIS began administering around 40 of ODDO BHF Asset Management LUX AG’s securities funds. The service mandate includes net asset value calculation, investment restriction compliance and reporting. In 2016, ODDO BHF mandated CACEIS to handle the depositary function for their securities funds and has taken this recent step to expand the scope of services.
Karl Stäcker, Managing Director of ODDO BHF Asset Management, said: "Since November 2016, CACEIS has proven both its capabilities and competence as depositary for our Luxembourg-domiciled funds.” Stäcker added: “We are very confident and look forward to working together with our new fund administration partner, as CACEIS has extensive expertise in the area.”
Holger Sepp, Member of the German Branch Management of CACEIS Bank, stated: "We are pleased to have been selected by ODDO BHF for their fund administration mandate in addition to our existing role as Luxembourg depositary. Recently, CACEIS’s one-stop-shop offer has proven to be a very attractive proposition for some of our clients.” Sepp also commented: “As such, we are looking forward to further expanding our services to other German clients operating a fund business out of Luxembourg.”