CACEIS NEWS 37

products and services

6 caceis news - No. 37 - March 2014

new business

Tikehau IM Asset manager Tikehau IM and its service provider CACEIS have set up the FCT Novo 2 French mutual securitisation fund. Working with Tikehau IM, which manages the fund, CACEIS provides depositary and accounting services, maintains the shareholder register and also acts as the settlement bank for the fund. As a fund set up to lend to the French economy, the aim of FCT Novo 2 is to grant loans to small and medium-sized enterprises (SMEs) to finance growth businesses. Its investment universe is focused on the financing of medium-sized French businesses. partnership: “We put forward the name of CACEIS to fund’s initiators, (the investors, the CDC and the FFSA), to act as depositary for the fund’s cash and receivables. CACEIS performs this role for all our mutual securitisation funds and we value the group’s responsiveness, its fast handling of processes and the consistent quality of its services; the choice was clear.” Joe Saliba , Deputy CEO of CACEIS, said: “We are proud Tikehau IM selected us to co- found this French SME loan fund and have supported the group since they set up their first mutual securitisation fund. The CACEIS group has developed recognised expertise in the innovative financing arena and aims to play an increasingly important role in the securitisation market.” ■ ABN AMRO Investment Management B.V. ABN AMRO Investment Management B.V. has launched the first two ABN AMRO Basic UCITS ETFs which have been listed on Euronext Amsterdam since 6th February. Following a long RFP process, ABN AMRO awarded the fund administration mandate to CACEIS, which is responsible for providing accounting and related services to the funds. The two ABN AMRO Basic UCITS ETFs respond to the strong demand for passive investment fund solutions in the market. The Dutch domiciled funds invest in a physical basket of shares which replicates the complete composition of the tracked index. The funds do not make use of securities borrowing and lending, and therefore there is no counterparty risk with the ETFs. They can be bought in the orderbook or on the closing NAV of the day. According to Bart Mantje , Director at ABN AMRO Investment Management, “We are delighted to be able to offer these high quality investment solutions to the market. We believe that ABN AMRO Investment Management, combined with the advanced ETF fund administration services of a leading provider like CACEIS demonstrates our willingness to respond to the market’s demands for simple and transparent investment opportunities”. Joe Saliba , Deputy CEO of CACEIS said, “We have been working closely with ABN AMRO Investment Management to ensure that our market-leading ETF servicing capabilities are precisely tailored to our client’s requirements. The CACEIS group is also strengthening its commitment to the entire Dutch market, as our new banking license enables us to greatly extend the range of services available to clients through our Amsterdam office.”   ■ Bruno de Pampelonne , Chairman of Tikehau IM, commented on the

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

giorgio solcia, Managing Director, CACEIS, Italy

I taly is one of the largest economies in Europe and in recent years its investment fund in- dustry has seen steadily rising asset inflows that have now exceeded pre-crisis levels. Indeed, the latest figures from Assogestioni - the Italian asset management association – show that assets under management on behalf of third parties, including foreign funds, amount to €1.3 trillion, of which discretionary mandates account for €730 billion as at end January 2014. This grow- ing market creates a wealth of opportunities for the asset management industry, and CACEIS is ready to support the development of Italian clients’ business, leveraging both its Milan of- fice’s deep-rooted market knowledge and the CACEIS Group’s broad asset servicing expertise and global network coverage. Carrying forward real estate momentum CACEIS in Italy already services a number of real estate clients which together rank us as

the fourth largest player servicing real estate vehicles in the market. These clients are in a strong position to benefit from working with a large international group like CACEIS with extensive expertise in servicing Real Estate, Private Equity and other alternative structures. Through their dedicated local contact in Italy, our Italian Real Estate clients have access to the group’s knowledge base and to our centres of excellence in Europe. Our experts can assist in selecting the optimum operational struc- ture and vehicle to take advantage in interna- tional opportunities to develop new business. A comprehensive offer to market participants But CACEIS’s service offer to the Italian market covers a far broader range of support than just the alternative investment sector. Our business development strategy has always been to pro- vide the full range of asset servicing capabilities, and CACEIS in Italy offers depositary banking, fund administration and custody services to- gether with Prime Funds Solutions designed to achieve EMIR compliance. The comprehensive service offer is designed to enable asset managers, pension funds, insur- ance companies and banks to focus resources on their core business, while relying on the robust, efficient and transparent services of an experi- enced global asset servicing company. Leveraging local market insight A further advantage of our presence in Italy is that, as of now, clients throughout the CACEIS group’s worldwide network can benefit from the Italian office’s local market knowledge. Those looking to expand their existing operations into Italy will be able to rely on the support of an ex- perienced team with a clear understanding of cultural differences, regulatory issues, admin- istrative procedures, and distribution opportu- nities in the Italian market. This level of local

market support, in conjunction with the strong signs of continued growth in asset inflows, pre- sents itself as an attractive opportunity for in- vestment management companies to broaden the geographic scope of their operations and market their products in Italy. As one of the major global asset servicing pro- viders operating in the Italian market, CACEIS will be exhibiting at Il Salone del Risparmio, the most important Italian forum exclusively fo- cused on the asset management industry. This event, held from 26 th to 28 th March, is an excel- lent opportunity for our sales teams and other members of CACEIS to network and to discuss the state of industry with both delegates and other exhibitors from across the investment in- dustry. At the forum, please feel free to come by to meet your new team for the Italian market, and find out how partnering with a large global company like CACEIS can help you achieve your business development objectives ■

roberto colapinto, Head of Regional Coverage, clients from South America and South Europe, CACEIS

We look forward to welcoming you to our stand C73