London
16 February 2017
Reporter: Stephanie Palmer
CACEIS wins Swiss depository mandate
Swiss boutique Bellevue Group has selected CACEIS to provide depository services for its UK investment trust, the BB Healthcare Trust.

The trust launched on the London Stock Exchange on 2 December 2016, with an initial issue volume £150 million.

Services will be ensured by CACEIS’s UK depository banking branch. CACEIS opened its London office in July 2016, and earlier this month received regulatory authorisation to provide depository services to UK UCITS funds.

André Rüegg, CEO of Bellevue Asset Management, said: “Following an intensive selection process in close collaboration with the board of trustees, we are confident that we have selected the best suited service provider for the BB Healthcare Trust.”

“CACEIS has extensive depositary experience in Europe and its London branch has demonstrated its capacity to handle our specific requirements in terms of UK depositary services.”

Joe Saliba, deputy CEO of CACEIS, said: “We are delighted to welcome Bellevue to the growing list of clients of our UK depositary bank. Our London-based depositary operation has met with considerable success, enabling us to effectively export our recognised expertise in depositary services to the UK asset management community.”

More fund services 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
Euronext launches French funds solution
26 April 2017 | Paris | Reporter: Stephanie Palmer
Euronext is set to launch its new solution making it easier to invest in open-end funds registered or passported in France
Opus expands APAC horizons
26 April 2017 | Singapore | Reporter: Stephanie Palmer
Compliance and risk management solution provider Opus has expanded its presence in Asia, opening a new office in Singapore
$33bn REIT mandate for BNY Mellon
20 April 2017 | New York | Reporter: Stephanie Palmer
BNY Mellon Alternative Investment Services has been selected to provide fund administration for PGIM Real Estate’s US real estate funds
Apex in Saudi fund admin partnership
20 April 2017 | Riyadh | Reporter: Stephanie Palmer
Apex Fund Services has partnered up with Saudi Arabian custodian Albilad Capital, to deliver fund administration solutions to Saudi funds
BNP Paribas set for Dutch expansion
11 April 2017 | Utrecht | Reporter: Stephanie Palmer
BNP Paribas is expanding its presence in the Netherlands, having been appointed as service provider to Dutch asset management firm Actiam
SGSS wins mandate for ASEAN Women Empowerment Fund
11 April 2017 | Luxembourg | Reporter: Stephanie Palmer
BlueOrchard Finance, an impact investment manager, has appointed SGSS to provide fund services for the Luxembourg-based Japan ASEAN Women Empowerment Fund
ETF servicing mandate for Citi
29 March 2017 | Cleveland, Ohio | Reporter: Stephanie Palmer
Citi has been appointed to provide ETF services to Cleveland-based boutique asset manager Victory Capital
More fund services news