Groupama Group has entered into an agreement with CACEIS for custodian bank services on its dedicated investment funds as well as custody of assets managed by Groupama Asset Management on behalf of Groupama Group.
CACEIS already administers funds managed by Groupama Asset Management and provides custody for its open-ended funds. With this deal, CACEIS becomes the sole custodian and leading fund valuation agent for the funds of Groupama Group, a major player in the insurance sector in France.
Fabrice Heyries, Deputy Chief Executive Officer of Groupama Group, said: "By choosing CACEIS, a leading asset servicing company in Europe, we will benefit from high quality service and an understanding of Groupama's specific needs.”
Joe Saliba, Deputy Chief Executive Officer of CACEIS added: "We are proud to have won this prestigious mandate and we thank Groupama Group for the confidence it has shown in us. This new success confirms CACEIS's positioning as a key player in the asset servicing market."