CACEIS has completed the first of three fund migration waves for CANDRIAM, the French asset manager. This operation took place while all teams were working remotely. The migration involved 26 Luxembourg sub-funds accounting for some EUR10bn in assets. The operation involved a range of services, including depositary, custody, fund administration, transfer agency, fund distribution, securities lending and share class hedging. Overall, in excess of EUR40bn in assets will be transferred to CACEIS, following CANDRIAM’s decision to leave RBC.
