CACEIS will provide custody and valuation services to Russell Investments France’s first French UCITS as well as additional financial and regulatory reporting services.
The Russell group which has €3 billion in AUM in 2012, has recently changed the status of its Paris division to make it an independent management company operating under Russell Investments France.
Michael Sfez, managing director of Russell Investments France, said: “It was essential for us to find a provider capable of handling tailor-made multi-asset mandates and funds that meet the need of French investors.”
Joseph Saliba, deputy CEO in charge of business development at CACEIS, said: “We are happy to provide support for the French growth strategy of Russell Investments, a leading player in multi-asset management.”
“Russell Investments France will have full access to our in-depth knowledge of the French and European regulatory systems and our expertise in asset servicing to create solid foundations for its investment products.”
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