Crédit Agricole takes full ownership of CACEIS
07 July 2025 France
Image: mapo/stock.adobe.com
Crédit Agricole has completed its acquisition of Santander’s 30.5 per cent stake in CACEIS, bringing its ownership of the European asset servicing firm to 100 per cent.
The transaction, first announced in December 2024, follows the receipt of all required regulatory approvals. With full control of CACEIS, Crédit Agricole says it reinforces its commitment to the asset servicing space and positions the firm for further growth in this strategic business line.
CACEIS is one of Europe’s leading asset servicing providers, offering custody, fund administration, depositary, and related services to institutional clients. The deal aligns with Crédit Agricole Group’s objectives for return on investment and return on tangible equity, although it is expected to reduce Crédit Agricole’s fully loaded CET1 ratio by approximately 30 basis points.
As part of the transaction, CACEIS and Santander will maintain their existing joint venture in Latin America. That business will continue to be jointly controlled by the two groups, supporting their long-term partnership in the region.
The transaction, first announced in December 2024, follows the receipt of all required regulatory approvals. With full control of CACEIS, Crédit Agricole says it reinforces its commitment to the asset servicing space and positions the firm for further growth in this strategic business line.
CACEIS is one of Europe’s leading asset servicing providers, offering custody, fund administration, depositary, and related services to institutional clients. The deal aligns with Crédit Agricole Group’s objectives for return on investment and return on tangible equity, although it is expected to reduce Crédit Agricole’s fully loaded CET1 ratio by approximately 30 basis points.
As part of the transaction, CACEIS and Santander will maintain their existing joint venture in Latin America. That business will continue to be jointly controlled by the two groups, supporting their long-term partnership in the region.
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