As a leading asset servicing group with a world-wide network of entities, CACEIS has been actively supporting clients in the Nordics for many years. However, with the recent acquisition of RBC’s asset servicing activities in Europe, the group not only gains some 40 key Nordic clients but also a professional team of sales, relationship management and operational staff who know the clients, understand the region’s business culture and are keen to further develop CACEIS’ presence in the region.
The Nordics team, headed by Johan Lindberg as Head of Regional Coverage for the Nordics and supported by Kerstin Lindgren, Mikael Bengtsson and Iida Pöylio has been assisting clients operation out of the Nordic markets for many years. They bring their experience, market reputation and cultural awareness to CACEIS, leveraging the group’s broader reach, extended service offer and financial strength to create a strong value proposition for existing clients and prospects.
The Nordics team, which is based in Luxembourg, plays a key role in helping Swedish, Danish, Finnish and Norwegian clients access new markets by distributing their investment products throughout Europe using Luxembourg or Irish structures to benefit from passporting rules that enable easy cross-border investment fund distribution.
For many years, CACEIS has enjoyed strong international links with several Nordic banks, providing sub-custody services in countries including France, Italy, Spain and more recently, several Latin American countries. Other such services include local distribution support, where CACEIS acts as Paying Agent and a local representative, providing key experience and value to Nordic asset managers.
Today, we service a large clientele including UCITS managers, Family Offices and managers in the Private Markets space. Not only does CACEIS benefit from the onboarding of these prestigious Nordic clients but in turn, those clients also now have access to CACEIS’ full range of core and additional services, such as those of Luxcellence, the CACEIS Group's asset management company - in charge of a strategic Swedish client for almost twenty years -, along with market-leading digital platforms for monitoring and reporting on investments.
Another advantage for Nordic clients is access to the services of Crédit Agricole Group companies, such as CACIB, the investment bank, or Amundi, the asset management company, as well as Fund Channel's international distribution platform.
Jeremy Albrecht, Global Head of Coverage, Continental Europe (excluding France) notes that, “Today, as part of a forward-looking global asset servicing group like CACEIS, backed by Credit Agricole and Santander, clients operating out of the Nordics have gained a major upgrade in the value proposition that will be key in enabling them to reach their business development objectives.”
Johan Lindberg, Head of Regional Coverage Nordics at CACEIS adds that “the Nordics team is keen to develop stronger relationships with existing clients by helping them access the broad range of services on offer through CACEIS, while supporting their distribution efforts across Europe, North and South America, and Asia. Our team’s excellent and long-standing reputation on the Nordic markets combined with CACEIS’ desire to strengthen its presence and brand awareness in the region will enable more prospective clients to understand CACEIS’ value proposition and leverage the benefits of our worldwide network of entities and supporting sister companies.”
Managers of Mutual Funds such as UCITS and ETFs
Not only do Nordic clients benefit from our experience of servicing and distributing more traditional funds from our international hubs in Luxembourg and Dublin but they also gain consolidated reporting services that tie together their servicing from across our network, providing a clear picture of their activities globally. These powerful services tie in to provide reports that meet the requirements of investors and regulators, while also meeting managers’ needs with comprehensive dashboards that can be fully-customised in terms of information displayed and access rights for users. We currently enjoy relations with 270 asset managers and around 10,000 distribution agents, and our modular and customisable reporting plays an important role in ensuring all stakeholders have access to the exact information they require.
Managers of Private Assets and Pension funds
In addition to servicing UCITS assets, our Nordics team looks after the needs of Private Assets managers and Pension funds. These clients have very different requirements from the standard, traditional offerings for regular mutual funds like UCITS. Over the years, CACEIS has developed a comprehensive package of services that cover these clients’ unique requirements and enable them to in turn better serve their investors. For Private Asset clients, our Private Equity and Real Estate division has the market-leading platforms to enable efficient management and offers key services including Equity Bridge financing through our shareholder’s investment banking wing to support LBO and other strategies. Pension fund managers also benefit from our cutting-edge servicing offer that leverages the experience and professionalism that we have been building on since the acquisition of European pensions specialist, Kas Bank, in 2019.
The CACEIS group is keen to stamp its name on the Nordic markets, and with the acquisition of RBC’s structure, the careful migration of existing clients to the group, and a host of attractive services to market to existing and prospective clients, the Nordics team is now well-positioned to support the needs of demanding clients across Denmark, Sweden, Finland and Norway.
