Luxembourg
25 November 2014
Reporter: Becky Butcher

CACEIS acts as centralising agent for Seven Capital


Seven Capital Management has selected CACEIS as centralising agent for its Seven Lux SICAV SIF within the framework of the BlackSnake sub-fund being admitted to Euroclear France.

The firm is the first alternative investment management company in France to receive Alternative Investment Fund Managers Directive approval.

Since August 2013, Seven Capital has managed its alternative investment funds within the EU and distributed them in the various member states using the marketing passport process.

The BlackSnake sub-fund is one of the first alternative investment fund SIFs to be admitted to Euroclear France.

As centralising agent, CACEIS will be responsible for handling investment inflows from the French market and for the settlement of subscription and redemption orders on Euroclear France on behalf of the SICAV SIF.

Johann Schwimann, CEO of Seven Capital commented: “BlackSnake’s admission to Euroclear France is a key step in distributing the Seven Lux SICAV SIF. CACEIS supported the launch of BlackSnake as depository, fund administrator and transfer agent in Luxembourg.”

More news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
UniCredit launches instant payment solution
22 November 2017 | Milan | Reporter: Becky Butcher
UniCredit has launched its cross-border instant payments solution in Italy and Germany
Hedge fund industry reaches new highs in Q3
22 November 2017 | London | Reporter: Zsuzsa Szabo
The hedge fund industry has recorded strong performance in Q3 2017, after stumbling in 2016, according to Preqin
SSGA hires Nordic head of SPDR ETFs
21 November 2017 | London | Reporter: Theo Andrew
Based in London, Marcus Miholich will be responsible for evaluating the investment objectives of SSGA’s Nordic client base. He will report to Rory Tobin, global co-head of SPDR ETFs at SSGA
EU Commission opens consultation of SFTR TR fees
21 November 2017 | Paris | Reporter: Drew Nicol
UK-based trade repositories may be forced to shoulder additional third-party recognition fees to operate under EU regulatory frameworks post-Brexit, according to proposed EU Commission rules
Volante Technologies partners with eVision
21 November 2017 | New York | Reporter: Jenna Lomax
Volante will use eVision on its VolPay Suite, which is designed to accelerate all aspects of payments transformation projects, for Egypt and North Africa
Esprow launches new version of ETP Studio
21 November 2017 | New York | Reporter: Jenna Lomax
Esprow has launched version 3.0 of its ETP Studio for financial information exchange
Citi boosts custody and fund services team
21 November 2017 | London | Reporter: Stephanie Palmer
Fiona Horsewill is set to join Citi as head of product development and strategy for custody and fund services EMEA
More news