Financial services group Kepler Cheuvreux has migrated its operations to custody bank Caceis, the firms recently announced.
Caceis onboarded Kepler’s cash equity clearing & settlement activities covering 30 trading venues and eight central counterparties across 35 central securities depositories.
Kepler, which trades an average of €2 billion worth of equities a day, also has its custody, reporting services for corporate brokerage and securities lending with Caceis.
Grégoire Varenne, chairman of the executive board of Kepler Cheuvreux, said: “This migration marks the beginning of a very exciting journey as we embark on a series of impactful developments for our clients that will disrupt across the execution space.”
Joseph Saliba, deputy CEO of Caceis, said that based on Kepler Cheuvreux`s requirements, the services are delivered out of Paris, Munich and Luxembourg (pictured).
Caceis has assets under custody and administration of around €6.3 trillion.
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