Munich
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
State Street reports double-digit custody and administration growth
27 April 2017 | Boston | Reporter: Stephanie Palmer
State Street has seen a 10.7 percent increase in assets under administration and custody, ending Q1 2017 with just shy of $30 trillion
Hague: Financial services will thrive after Brexit
25 April 2017 | London | Reporter: Stephanie Palmer
Lord William Hague sees a positive future for the UK’s financial services industry post-Brexit, but attendees at SWIFT Business Forum London were not so easily convinced
Sharing is caring is cyber crime combat
25 April 2017 | London | Reporter: Stephanie Palmer
A more holistic and communicative approach is required to tackle cyber crime in financial services, heard attendees of the SWIFT Business Forum
AxiomSL wins commodity transaction and trading reporting mandate
24 April 2017 | London | Reporter: Stephanie Palmer
Commodity trading firm Trafigura PTE has selected the AxiomSL platform for its global trade and transaction reporting
Record-breaking Q1 for BNY Mellon
21 April 2017 | New York | Reporter: Stephanie Palmer
BNY Mellon saw record breaking levels of assets under custody and/or administration in Q1 2017, reaching a total of $30.6 trillion
BlackRock sees uptick in AUM
20 April 2017 | New York | Reporter: Stephanie Palmer
BlackRock’s total assets under management (AUM) have seen a 14 percent increase to reach $5.2 trillion, its Q1 2017 results have revealed
BNP Paribas to improve fund distribution
19 April 2017 | London | Reporter: Becky Butcher
BNP Paribas Securities Services has developed a new digital fund distribution platform in partnership with AXA Investment Managers
More Industry news