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Russell Investments France selects CACEIS for custody and valuation services

Russell Investments France has selected CACEIS, a member of the Crédit Agricole Group, to offer custody and valuation services for its French UCITS.

The Russell group transformed the status of its Paris division to float an independent management company, with a strategy to expand its footprint in the country.

In 2012, the company has €3bn in assets under management and has been trading in France since 1994, according to the company.

Apart from offering additional financial and regulatory reporting services, CACEIS will support its development and help to create new products.

Russell Investments France managing director Michael Sfez said, "It was essential for us to find a provider capable of handling tailor-made multi-asset mandates and funds that meet the needs of French investors."

Operating as the asset servicing banking group of Crédit Agricole, CACEIS delivers depositary and custodial services, fund administration, middle office services, fund distribution support, capital markets services and issuer services, to institutional and corporate clients.