Russell has changed the status of its Paris division to make it an independent management company, operating under the name Russell Investments France, as the firm seeks to expand in the country.
Russell Investments France has contracted Caceis to provide custody and valuation services, following the conclusion of a tender process.
Caceis says it is providing custody and valuation services for Russell Investments France’s first French Ucits fund, and will support the fund’s development while other products are being created. Caceis will also provide additional financial and regulatory reporting services.
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