Dynamic innovation and digitalisation for Swiss customers.
Three years after obtaining its banking license, CACEIS is showing strong growth in Switzerland in a highly competitive Asset Servicing market that is undergoing significant change in the face of increasing digitalization . The outsourcing of middle and back office services is ever increasing and something which is highly sought after by Swiss financial institutions wishing to focus on their core business.
A global partner in Asset Servicing, CACEIS is aimed at a customer base of institutional investors, management companies, banks and insurers, brokers and companies. The group, which is a European leader in custodian banking and fund administration, retains €2,600 billion in assets and administers €1,800 billion.
The Swiss subsidiary of CACEIS was established 12 years ago, initially offering fund distribution and management which is integrated into the CACEIS platform. In order to broaden its offer of services locally and to address a wider clientele, the company took the step of obtaining the FINMA banking license in 2015. This was a major change for CACEIS Switzerland which was able to offer a full range of services, in both fund administration and custodian banking. This change allowed CACEIS to really scale up in Switzerland and to significantly expand. The company is now fully integrated as a key player in the Swiss Asset Servicing industry .
A management committee led by Philippe Bens , Senior Country Officer for CACEIS Switzerland, and 70 employees based in Nyon , seek to provide customers with the best possible service.The CACEIS teams dedicated exclusively to Asset Servicing , are able to address the ever more complex challenges facing investment funds today. CACEIS is strongly focused on optimising its processes to meet regulatory constraints such as MiFID II, FIDLEG or FINIG and to satisfy its increasingly demanding customers. The group has also launched a digital transformation plan to better serve its customers and improve operational efficiency. This plan uses new technologies such as big data, blockchain, artificial intelligence and robotics to respond to the challenges of the time. These initiatives are a key part of the CACEIS strategy, both at group level and at local level.
The CACEIS Group is firmly committed to further growing its business in Switzerland and is continuing to commit the necessary resources to contribute to this development with local support from Relationship Managers and Business Development Managers. The CACEIS philosophy is to help its clients pursue their development goals so that they can focus on strategy and to support them throughout the life cycle of the funds, from their creation to their distribution.
« We continue to develop by continually improving our service offering. The digitisation of our processes is a priority for us so that we can serve our customers in the best possible way »
said Philippe Bens , Senior Country Officer of CACEIS Switzerland
At the Nyon office, the CACEIS management committee Switzerland from left to right: Claude Marchal, Laurent Barrioz, Sandra Czich, Oscar Garcia, Philippe Bens, Selda Karaca, Nicolas Megevand, Guillaume Lapierre, Heidi Dyer, and Christophe Audousset.