Printer Friendly

CACEIS to take over KAS Bank.

Global Banking News-February 25, 2019--CACEIS to take over KAS Bank

(C)2019 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 25 February 2019

French asset services provider, CACEIS, has announced plans to take over Dutch custodian, KAS Bank.

The deal is to be closed for about EUR188m. The move is intended to allow the bank to extend its services to local pension funds and insurance companies. The acquisition is to increase the firm's assets under custody and administration (AUC/A) to EUR4.7tn.

The move comes as the firm is expanding in Germany, Netherlands and the UK.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

((Distributed via M2 Communications - http://www.m2.com))

COPYRIGHT 2019 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2019 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Global Banking News (GBN)
Date:Feb 25, 2019
Words:119
Previous Article:California could consider creating wildlife insurance fund.
Next Article:Hong Kong's banking regulator planning to offer virtual banking licenses to major Chinese banks.
Topics:

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters