PARIS, FRANCE: CACEIS and Royal Bank of Canada have signed a Memorandum of Understanding on the potential acquisition by CACEIS of RBC Investor Services operations in Europe.
This transaction would further enhance CACEIS’ positioning as a global leader in asset servicing in Europe and worldwide with circa €4.8 trillion in Assets under Custody and €3.5 trillion in Assets under Administration (figures as of 31/03/2022) after its completion, which is expected to take place by the end of the third quarter of 2023.
This transaction would be in line with the Group’s development objectives and would respect the profitability criteria with an expected return on investment of more than 10% over 3 years thanks to the realisation of synergies.
It would have a negative impact of less than 10 basis points on Crédit Agricole S.A.’s CET1 and Crédit Agricole Group’s CET1.
CACEIS is the asset servicing banking group specialising in post-trade services for all asset classes. With a solid IT infrastructure, it provides execution, clearing, custody, depositary, asset valuation and issuer services in markets worldwide to assist institutional investors, global custodians, insurance companies, asset management companies, pension funds, private equity funds, banks, brokers and corporate clients.
As a specialist in operational process outsourcing, CACEIS creates an environment that ensures its clients can focus on their core business.
For more than 120 years, RBC Investor & Treasury Services (RBC I&TS) has provided asset and payment services to corporate investors and financial institutions globally.
RBC I&TS are a financially strong partner trusted with CAD 4.1 trillion in assets under administration with offices in 13 countries.