CACEIS reports that it has seamlessly performed the first of three fund migration waves for asset management firm, Candriam. This operation took place while all teams were teleworking thanks to extensive planning and a robust IT environment.

CACEIS says that ten months of planning and fully dedicated teams, despite lockdown conditions, made it possible to carry out the migration involving 26 Luxembourg law sub-funds accounting for some EUR 10 billion in assets.

The operation involved a broad scope of services: depositary, custody, fund administration, transfer agency, fund distribution, securities lending and share class hedging. It brought together more than 100 staff from CACEIS and Candriam who worked in close cooperation.

Overall, in excess of EUR 40 billion in assets will be entrusted to CACEIS.

Joe Saliba, Deputy CEO of CACEIS stated: "Lockdown has proven to be a real world stress test on our migration planning and IT environment, which I am pleased to say CACEIS has passed. Our migration track record remains strong thanks to our extensive planning and the foresight of equipping staff for telework in 2019.

"Finally, I would like to thank Candriam's staff for their professionalism and support throughout the migration process as well as Candriam's senior management for the trust they have placed in the CACEIS group."

Pierre Ernst, Chief Operating Officer of Candriam, said: "In conditions never seen before, the first phase of our fund migration to CACEIS is a real feat for which I would like to congratulate the teams.

"The extreme care that Candriam and CACEIS have taken to ensure our clients' comfort and information during this delicate operation gives us great hope for the next two waves of transfers and the strength of our future collaboration."

How do I enable cookies in my browser?

Internet Explorer
1. Click the Tools button (or press ALT and T on the keyboard), and then click Internet Options.
2. Click the Privacy tab
3. Move the slider away from 'Block all cookies' to a setting you're comfortable with.

Firefox
1. At the top of the Firefox window, click on the Tools menu and select Options...
2. Select the Privacy panel.
3. Set Firefox will: to Use custom settings for history.
4. Make sure Accept cookies from sites is selected.

Safari Browser
1. Click Safari icon in Menu Bar
2. Click Preferences (gear icon)
3. Click Security icon
4. Accept cookies: select Radio button "only from sites I visit"

Chrome
1. Click the menu icon to the right of the address bar (looks like 3 lines)
2. Click Settings
3. Click the "Show advanced settings" tab at the bottom
4. Click the "Content settings..." button in the Privacy section
5. At the top under Cookies make sure it is set to "Allow local data to be set (recommended)"

Opera
1. Click the red O button in the upper left hand corner
2. Select Settings -> Preferences
3. Select the Advanced Tab
4. Select Cookies in the list on the left side
5. Set it to "Accept cookies" or "Accept cookies only from the sites I visit"
6. Click OK

CACEIS reports that it has seamlessly performed the first of three fund migration waves for asset management firm, Candriam. This operation took place while all teams were teleworking thanks to extensive planning and a robust IT environment.

CACEIS says that ten months of planning and fully dedicated teams, despite lockdown conditions, made it possible to carry out the migration involving 26 Luxembourg law sub-funds accounting for some EUR 10 billion in assets.

The operation involved a broad scope of services: depositary, custody, fund administration, transfer agency, fund distribution, securities lending and share class hedging. It brought together more than 100 staff from CACEIS and Candriam who worked in close cooperation.

Overall, in excess of EUR 40 billion in assets will be entrusted to CACEIS.

Joe Saliba, Deputy CEO of CACEIS stated: "Lockdown has proven to be a real world stress test on our migration planning and IT environment, which I am pleased to say CACEIS has passed. Our migration track record remains strong thanks to our extensive planning and the foresight of equipping staff for telework in 2019.

"Finally, I would like to thank Candriam's staff for their professionalism and support throughout the migration process as well as Candriam's senior management for the trust they have placed in the CACEIS group."

Pierre Ernst, Chief Operating Officer of Candriam, said: "In conditions never seen before, the first phase of our fund migration to CACEIS is a real feat for which I would like to congratulate the teams.

"The extreme care that Candriam and CACEIS have taken to ensure our clients' comfort and information during this delicate operation gives us great hope for the next two waves of transfers and the strength of our future collaboration."