30 March 2017
Reporter: Drew Nicol

Orca Capital selects CACEIS for clearing

CACEIS has been selected to provide cash equity clearing and settlement services to Munich-based Orca Capital for Orca’s global securities and bonds trading activity.

The mandate, which began at the end of 2016, also extends to services such as securities lending, and derivatives execution and clearing.

Wolfgang Burckhardt, managing director at Orca Capital, said: "We were keen to engage a local, German-speaking service provider with a flexible client-centric approach and responsive support teams.”

“We look forward to strengthening this initial partnership, and are confident that CACEIS’s expertise in cash equity clearing and asset servicing will benefit our company. The high levels of straight-through processing, combined with global market knowledge, meet our requirements in terms of speed and efficiency of securities transaction processing.”

Holger Sepp, member of the management board of CACEIS in Germany, added: “We are very pleased to be working with Orca Capital, which is active on the world`s leading stock markets.”

“CACEIS offers market-leading cash equity clearing services out of its group servicing center in Germany. We are delighted to count Orca Capital among our many large national and international clients.”

More Industry 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
S&P reaffirms OCC’s AA+ rating
19 January 2018 | Chicago | Reporter: Jenna Lomax
S&P has reaffirmed OCC’s financial strength rating of “AA+/stable”
National Settlement Depository implements API
19 January 2018 | Moscow | Reporter: Jenna Lomax
The National Settlement Depository has applied the application programming interface to its online banking services
BNY Mellon sees asset servicing fees growth
18 January 2018 | New York | Reporter: Zsuzsa Szabo
BNY Mellon’s asset servicing fees increased 6 percent year-over-year
Societe Generale Securities Services and OFI Asset Management have executed the first transactions via the IZNES platform on the Paris market
BBH to provide fund services for DSBI
17 January 2018 | Hong Kong | Reporter: Jenna Lomax
Brown Brothers Harriman & Co will provide custody and fund administration services to Daiwa SB Investments’ (DSBI) first Hong-Kong domiciled fund, the Japan high dividend stocks fund
Murex’s MX.3 goes live at Nationwide
17 January 2018 | London | Reporter: Jenna Lomax
Murex's MX.3 front-to-back risk platform has gone live for Nationwide Building Society's treasury business
Torstone Technology enters Norwegian market
17 January 2018 | London | Reporter: Becky Butcher
Torstone Technology has entered into the Norwegian market by connecting its Inferno platform to Verdipapirsentralen ASA, Norway’s central securities Depository
More Industry news