ODDO BHF has extended its mandate for Caceis to include administration of its Luxembourg fund range.
In early July 2018, Caceis began administering around 40 of ODDO BHF Asset Management LUX AG’s securities funds. The service mandate includes net asset value calculation, investment restriction compliance and reporting. In 2016, ODDO BHF mandated Caceis to handle the depositary function for their securities funds and has taken this recent step to expand the scope of services.
Karl Stäcker, managing director of ODDO BHF Asset Management, said: “Since November 2016, Caceis has proven both its capabilities and competence as depositary for our Luxembourg-domiciled funds.”
Stäcker added: “We are very confident and look forward to working together with our new fund administration partner, as Caceis has extensive expertise in the area.”