CACEIS, a leading European player in asset servicing, today announced the renewal of its key partnership with GemCap Investment Funds (Ireland) PLC, a multi-manager UCITS platform supported by Gemini Capital Management, a UCITS Management Company. This follows an in-depth tender process launched in 2023. The GemCap group is a specialist in the UCITS fund space, offering Irish-based operational and regulatory solutions for Investment Managers requiring UCITS funds.
The renewal of this service mandate for over €4.7bn in assets that covers depositary, custody, fund accounting, transfer agency and production of financial statements, signifies the continued trust and commitment between CACEIS and the GemCap team in Ireland.
“CACEIS has proven over the successful 10-year business relationship, an unwavering commitment to delivering exceptional service, innovative solutions, and comprehensive distribution support, which was instrumental in our decision to renew our long-term partnership. Most importantly, we have great personal working relationships with the team at CACEIS based on mutual trust and respect, which is so important to our values as a business”, said Conor Hoey, CEO of Gemini Capital Management.
"We are delighted to be extending our partnership with GemCap, having worked closely with the team to ensure the group has everything in place to underpin the rapid growth in assets under management they have achieved over the past decade. We believe this renewal and our continued business success in Ireland also demonstrates to the market that clients are confident in our ability to integrate all elements of the RBC IS deal while taking advantage of the opportunities that this major acquisition offers the group on a global scale. We look forward to continuing to invest in the working partnership with the GemCap team and to playing an important role in supporting their growing business for many years to come”, commented Gary O’Leary, Country Managing Director, CACEIS in Ireland.
