Paris
23 March 2017
Reporter: Mark Dugdale
Thélem trims custody counterparties
Mutual insurance company Thélem Assurances has tasked CACEIS with providing custody services for its assets.

The mandate also includes Solvency II-compliant securities accounting, look-through reporting and data processing services.

Thélem Assurances awarded the mandate to CACEIS after deciding to simplify its custodian relationships, according to CFO Benoit Jullien.

Jullien said: ”Until now, our assets have been held in several custodians. Centralising them with a single one, and thus within one information system, will simplify our processes.”

“At the same time, we have sought to delegate the securities accounting activity in order to focus resources on projects with greater potential for added value. CACEIS’s servicing expertise was also a key factor in our decision.”

Philippe Bigeard, who is in charge of institutional clients at CACEIS in France, added: “Going forward, they will benefit from the knowledge of our Solvency II solutions designed for institutional investors, a resource already used by many players including insurance and mutual companies alike.”

More custody 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
Mirae Asset Securities chooses BNP Paribas for global custody
13 July 2017 | New York | Reporter: Stephanie Palmer
Mirae Asset Securities (USA) has selected BNP Paribas Securities Services to provide it with global custody
Custody not a commodity
28 June 2017 | Warsaw | Reporter: Stephanie Palmer
Viewing custody and clearing as a commoditised industry could be putting pressure on pricing and threatening the industry, according to speakers at The Network Forum
BNY Mellon and Australian financial service provider One Investment Group are joining forces to offer global custody services to Australian fund managers, trustees and responsible entities
€50 billion mandate win for Caceis
27 June 2017 | Rome | Reporter: Stephanie Palmer
Caceis has been selected to provide custody, depository, fund administration and transfer agency services for Amundi SGR, the Italian subsidiary of the Amundi Group
Clients demand innovation in custody
22 June 2017 | New York | Reporter: Stephanie Palmer
Custodians must embrace new technologies if they’re to survive in the digital age, according to a survey of sell-side executives by BNP Paribas Securities Services and TABB Group
J.P. Morgan buys office space in Dublin
16 May 2017 | Dublin | Reporter: Mark Dugdale
Capable of accommodating 1,000 staff, it will give the bank flexibility across the EU as the UK prepares to leave
Athene and MUFG team up for middle and back office
16 May 2017 | New York | Reporter: Mark Dugdale
Athene Asset Management has selected MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group, to provide business process outsourcing for certain middle- and back-office operations
More custody news