125-billion-euro asset manager shifts the task of servicing its Luxembourg- and France-based funds over to CACEIS, from RBC I&TS. The scope includes custody as well as fund administration and transfer agency.
With its 125 billion euros in assets under management, and over 500 professionals on its staff, Candriam is the stronghold not least in French-speaking parts of Europe for the New York Life Investments group.
Candriam now announces that it is turning to CACEIS for an upcoming migration of “asset servicing activities (custody, fund administration, transfer agency) for its Luxembourg and French funds”. The move is said to be guided by Candriam’s strategic roadmap for 2030.
Candriam’s press release does not reveal which service provider is left behind by the move, but industry news site Asset Servicing Times is naming RBC I&TS.