Source: Caceis
Neuflize OBC Investissements and Neuflize Private Assets, the investment management arms of the Neuflize OBC Group, have selected Caceis's proposal to act as administrative and accounting manager of their French mutual funds and custodian of mandates.
The business transfer concerns some 80 mutual funds and mandates representing total assets of €12 billion.
This agreement forms part of the partnership with Neuflize OBC Group, already established for depository bank and custody operations. In France, this means that all services required by the two investment management firms for their expansion are centralised with a single service provider, CACEIS.