CACEIS in Spain has migrated Popular Asset Management and Popular Pensiones business while all staff worked from home.

It says that on April 16, Popular Asset Management S.G.I.I.C and Popular Pensiones E.G.F.P, two companies merging with Santander Asset Management and Santander Pensiones, switched to CACEIS as their depositary bank in Spain.

Since January, staff from Popular Asset Management, Popular Pensiones and CACEIS have all worked closely to prepare the migration. During the lockdown period, with all staff working from home, 107 funds were migrated to CACEIS in Spain, (59 investment funds and 48 pension funds) accounting for some EUR 9.4 billion euros in assets.

It says this was made possible due to the close co-operation between staff from all companies involved.

CACEIS says it has therefore further consolidated its position, with a share of the Spanish market now in excess of 20 percent, and a solid ranking as one of the leading depositaries in Spain.

CACEIS adds that during the current lockdown period, it continues to demonstrate its unwavering commitment to supporting clients' development plans and reorganization strategies.

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CACEIS in Spain has migrated Popular Asset Management and Popular Pensiones business while all staff worked from home.

It says that on April 16, Popular Asset Management S.G.I.I.C and Popular Pensiones E.G.F.P, two companies merging with Santander Asset Management and Santander Pensiones, switched to CACEIS as their depositary bank in Spain.

Since January, staff from Popular Asset Management, Popular Pensiones and CACEIS have all worked closely to prepare the migration. During the lockdown period, with all staff working from home, 107 funds were migrated to CACEIS in Spain, (59 investment funds and 48 pension funds) accounting for some EUR 9.4 billion euros in assets.

It says this was made possible due to the close co-operation between staff from all companies involved.

CACEIS says it has therefore further consolidated its position, with a share of the Spanish market now in excess of 20 percent, and a solid ranking as one of the leading depositaries in Spain.

CACEIS adds that during the current lockdown period, it continues to demonstrate its unwavering commitment to supporting clients' development plans and reorganization strategies.