China’s Vice Premier Ma Kai visits the offices of CACEIS in Luxembourg

LUXEMBOURG, 31-Oct-2016 — /EuropaWire/ — During an official visit to Luxembourg on 20th October 2016, China’s Vice Premier Ma Kai led a delegation to visit the offices of CACEIS.

CACEIS CEO, Jean-François Abadie commented, “We are delighted to have the opportunity to host China’s Vice Premier, Ma Kai and the other members of the official delegation at our Luxembourg offices. The Vice Premier’s visit gave us an excellent opportunity to discuss CACEIS’s capabilities in terms of supporting the needs of the Chinese investment management industry.”

CACEIS made a major step forward in its relationship with the Chinese investment management industry when in 2015, it was appointed by Bank of China (Luxembourg) SA to provide custody, depositary, fund administration, fund distribution and other related asset services for its Luxembourg RMB RQFII Ucits fund.

Thanks to the favourable environment for investment funds in Luxembourg, Bank of China (Luxembourg) is taking advantage of this RMB umbrella fund to develop a full range of asset management products in order to attract new investors worldwide. CACEIS is committed to supporting the needs of Bank of China (Luxembourg) in terms of asset servicing as it pursues its business development objectives.

CACEIS is the asset servicing banking group of Crédit Agricole dedicated to institutional and corporate clients. Through offices across Europe, North America and Asia, CACEIS offers a broad range of services covering execution, clearing, depositary and custody, fund administration, middle office outsourcing, forex, securities lending, fund distribution support and issuer services. With assets under custody of €2.3 trillion and assets under administration of €1.5 trillion, CACEIS is a European leader in asset servicing and one of the major players worldwide (figures as of 31 December 2015).

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