CACEIS to provide depository services for real estate and other physical assets in Sal. Oppenheim’s open- and closed-ended funds in Germany

PARIS, 27-5-2014 — /EuropaWire/ — CACEIS provides depository services for real estate and other physical assets in Sal. Oppenheim’s open- and closed-ended funds in Germany. Sal. Oppenheim and CACEIS are working closely together to ensure all concerned funds will be migrated to CACEIS by the end of 2014, subject to the approval of clients and institutional end-investors. The migration volume amounts to some €12 billion in physical assets.

“We are delighted to take on the depositary services previously carried out by Sal. Oppenheim” stated Holger Sepp, Co-Head Germany and Board Member of CACEIS in Germany. “This decision highlights CACEIS’s increasingly sophisticated approach to depository services provision for physical assets. It also serves to strengthen our leading position and enhance our business reputation as the premier third-party physical asset depositary in Germany. As of today, CACEIS services 16 real estate investment companies in Germany accounting for some €16 billion in assets as well as 28 initiators of closed-ended funds investing in real estate, private equity, renewables, aviation and shipping containers. We believe that Sal. Oppenheim’s clients will also benefit from CACEIS’s extensive experience in business migration.”

“The primary objective of our in-depth request for proposal process was to select a solid partner with outstanding expertise in providing depository services to physical assets, and one that demonstrated a close strategic fit with the structure and requirements of our clients,” explained Wolfgang Leoni, Chairman of the board of Sal. Oppenheim jr. & Cie. AG & Co. KGaA. “In the wake of the realignment of Sal. Oppenheim and our strategic initiative to focus resources on our core business strengths such as asset management for private and institutional clients, entrusting the depository activities to CACEIS is a logical step.”

About CACEIS
CACEIS is the asset servicing banking group dedicated to institutional and corporate clients. Through offices across Europe, North America and Asia, CACEIS offers a broad range of services covering depositary and custody, fund administration, middle office outsourcing, execution, derivatives clearing, forex, securities lending, fund distribution support and issuer services. With assets under custody of €2.3 trillion and assets under administration of €1.3 trillion, CACEIS is one of the world market leaders in asset servicing, one of the largest depositary banks and the premier fund administrator in Europe (figures as of 31 December 2013). www.caceis.com

About Sal. Oppenheim jr. & Cie. Company
Sal. Oppenheim jr. & Cie. was founded in 1789 and is one of the leading private banks in Germany. Sal. Oppenheim combines the individuality and expertise of a private bank with the financial strength of a globally operating universal bank. We focus on asset management solutions for wealthy individual clients and institutional investors. Sal. Oppenheim stands for independent advice and more than 225 years of sophisticated asset management. Our business is based on the principle of partnership. With an independent investment process which caters to both private and institutional requirements, as well as impartial product advice, Sal. Oppenheim tailors its services completely to the needs of its clients. As an asset manager within Deutsche Bank Group, our client focus is supported by a strong alliance. With subsidiaries all over Germany, Sal. Oppenheim stands for client focus, continuity and a strong sense of responsibility in client support.

www.oppenheim.de

Press Contacts
Claude Michaux
Deputy Group Communications Director
Tel.: +352 4767 2792
claude.michaux@caceis.com