London
09 February 2017
Reporter: Stephanie Palmer

UK grants CACEIS UCITS approval


CACEIS’s UK branch has received regulatory approval to provide depository services to UCITS funds.

The Luxembourg-based bank opened its London office in July 2015, and already provides depository and custody services for alternative investment funds in the UK.

This latest regulatory approval gives CACEIS the chance to add to its current market coverage of €964 billion in assets under depository.

In August, CACEIS has also recruited Tom Finch as its new head of depository, risk and compliance in the UK. Finch has more than 15 years of experience in the regulated funds industry and, according to CACEIS, was appointed by virtue of his technical knowledge of all asset types and their governance regimes.

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