The Asset Servicing Journal

MArch 2014 N o. 37

CACEIS becomes member of the Chinese Asset Management Association of Hong Kong (CAMAHK) p.7

Interviewwith Lionel Martellini, Professor of Finance, EDHEC and Scientific Director, EDHEC-Risk Institute. p.3

Interviewwith Johann Schwimann, CEO of Seven Capital Management p.5

New frontiers in risk assessment and performance reporting In this new research, EDHEC-Risk Institute is introducing an improved measure to allow institutional investors better assess portfolio diversification and risk-adjusted performance. p.2 OLIS adapts to mobile usage CACEIS has transformed OLIS into an interactive web portal in order to offer its clients a single way of accessing all of their activities, from any location. p.4 CACEIS assists institutional

Establishing the right conditions to favour business development

has been instrumental in strengthening our leadership position as Europe’s largest depo- sitary and premier fund administrator. Our pragmatic business approach has enabled us to address these market and regulatory constraints and complexities and to search out new ways of building long-term and mutually beneficial partnerships with our clients. Our aim has always been to create a business framework where we operate under a highly efficient cost structure. The goal is to give ourselves the financial flexibility to invest into our business by expanding our products and solutions whilst providing competitive rates for our clients. As a result, CACEIS is currently the best capitalised asset servicing provider in Europe. As far as CACEIS’s full service strategy is concerned, we provide a one stop shop ca- pable of servicing all clients’ needs post-in- vestment decision. Clients favour a provider that is capable of offering not just expertise in one area, but rather a full range of services in order to reduce operational complexity, and to concentrate resources on their value- added functions. EMIR and MiFID have certainly generated numerous challenges for asset managers. To help clients overcome these challenges, CACEIS Prime Fund Solutions business line coordinates the group’s electronic execution, clearing and collateral management solu- tions for derivatives, all of which are per- fectly integrated with our fund custody and administration services. The AIFM Directive comes also with a set of challenges and opportunities for fund managers. As a leading European custodian and administrator for alternative funds and an experienced partner in the AIF mar-

ket, holding AIF assets of approximately €300bn, CACEIS helps fund managers com- ply with and take full advantage of the AIFM Directive. We are able to provide support and customised solutions for all types of AIFM, whatever the asset class (hedge funds, Private Equity, Real Estate, and other non- UCITS). In the expert market that is the Private Equity and Real Estate, the right skills, ex- perience and resources are vital to succeed. CACEIS’s experienced teams in Europe and the US assist clients, from boutique opera- tions to some of the world’s largest financial institutions, providing customised solutions for a broad spectrum of structures, strate- gies, sectors and countries of investment, from the initial plan through to daily admi- nistration needs. In addition to our new banking operations in Belgium and the Netherlands, we have recently expanded our banking network by opening our branch in Italy. We are now able to support our existing Italian clients in their home country. In the upcoming years we will continue to enlarge our banking network to other domiciles that will enable us to accom- pany our existing clients in their business expansion and to support CACEIS organic growth strategy. CACEIS’s regional sales teams have step- ped up the pace in recent months, working to keep our existing and prospective clients informed of new servicing opportunities designed to help them meet the challenges that arise with new regulatory measures. The sales teams and I look forward to having the opportunity to meet with you at investment forums and other occasions throughout the year, to discuss the industry and our respec- tive companies’ ongoing business develop- ment plans ■

investors with private equity and real estate investments

Institutional investors are taking an keen interest in new asset classes that are independent from the volatility of listed markets. CACEIS provides them with services to make it easier to diversify their investments. p.4

A positive outlook for Italy’s asset management community and CACEIS’s Milan office

JOE saliba, Deputy CEO, CACEIS Group

T he financial sector has been going through challenging times. Our clients have been trying to operate in a lacklustre economy creating significant pres- sure to reduce their costs while complying with a new regulatory environment that re- quires large investments in their IT, business processes and organisational structure. For asset servicers, these market conditions have also created a new landscape that is characte- rised by fierce competition between service providers and heavy downward pressure on prices. At the same time, asset servicing pro- viders have to cope with an incessant barrage of new regulations and a growing number of new requests from clients to outsource more administrative functions in order to fully focus on their core business. Asset servicing providers must therefore continue to gene- rate healthy financial results in a constrained environment where fees are dwindling, inte- rest rates are low, risk obligations are high and there is a significant increase in capital investment. At CACEIS, since the 2008 financial crisis, we have put in place a business strategy that

CACEIS has long serviced Italian clients from its European entities. A new office in Milan combined with the Italian market’s renewed appetite for investment funds provides many opportunities for CACEIS to demonstrate its expertise in supporting the country’s investment community. p.6 CACEIS at The BSI Summit 2014 in Frankfurt The BSI Summit took

place from 18 th to 19 th February, 2014, in

the Congress Center in Frankfurt amMain. This is the most important annual event of the German asset management industry for closed-end-funds. p.7

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