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
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
French pension fund CNAVPL mandates Societe Generale for custody
11 May 2017 | Paris | Reporter: Mark Dugdale
Caisse Nationale d’Assurance Vieillesse des Professions Libérales, the French national pension fund for self-employed professionals, has appointed Societe Generale Securities Services to provide custody services for its funds
Northern Trust lands £6.7 billion Northern Irish pension mandate
27 April 2017 | Belfast | Reporter: Stephanie Palmer
Northern Trust has been appointed to provide global custody and a range of other services for £6.7 billion in pension fund assets belonging to the Northern Ireland Local Government Officers’ Superannuation Committee
BNP Paribas aims for €2 billion+ revenue
25 April 2017 | Paris | Reporter: Mark Dugdale
The French custody bank revealed the aim as part of its recent investor day, with a list of expanded service offerings proposed
BNP Paribas Securities Services wins $3.2 billion US mandate
10 April 2017 | London | Reporter: Stephanie Palmer
Raiffeisen Bank International has selected BNP Paribas Securities Services as local custodian for its $3.2 billion US domestic portfolio
Thélem trims custody counterparties
23 March 2017 | Paris | Reporter: Mark Dugdale
Thélem Assurances awarded the mandate to CACEIS after deciding to simplify its custodian relationships, according to CFO Benoit Jullien
More custody news