Caceis navigates banking woes, eyes tokenisation
Depositary banks, including some at Caceis, have been grappling with dissatisfaction for years due to the ever-complicating “settlement machinery” requiring constant fine-tuning. “With each legislative tightening, our processes must adapt,” state Rinke Visser and Sikko van Katwijk from Caceis Netherlands.
With Caceis, Amundi’s Fund Channel aims to boost growth
Amundi Group’s distribution platform Fund Channel has taken Caceis on board as a shareholder and now to plans to accelerate its growth in distribution in order to deliver on its ambition of nearly doubling its assets under intermediation by the end of 2025.
Amundi is Europe’s largest asset manager with some 1.86 trillion euro in assets under management. Since 2005, the firm has offered an open-architecture fund distribution platform called Fund Channel, designed as B2B platform for financial intermediaries.
Caceis’ plan to buy RBC ITS raises questions in Belval
Plans by Paris-based Caceis to take over RBC Investor Services’ European business are raising redundancy fears among the firm’s 900 or so Luxembourg-based staff members in Belval.