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CACEIS has responded to this trend by extending its fund administration offer and
delivering the full complement of asset services to clients operating in Germany.
Operations started mid-April 2016.
Frank Schäfer, Managing Director of Credit Suisse Asset Management
Immobilien KAG mbH, stated, “This deal allows us to focus our resources on our core
competencies of conception and management of real estate investment products for our
investors. The RFP process enabled us to carefully consider all relevant aspects of
outsourcing our fund administration needs to a servicing provider. We are therefore
convinced that by selecting CACEIS, a leading European fund administrator with proven
real asset expertise in Germany and elsewhere, we have not only made the best possible
choice for Credit Suisse Real Estate Investment Management, but also for our investors.”
Holger Sepp, Member of the Management Board at CACEIS in Germany added, “We are
delighted to announce this new relationship. We are confident that our in-depth
experience of administering real estate assets worldwide will enable us to meet the needs
of Crédit Suisse Real Estate Investment Management now and in the future.”
Joe Saliba, Deputy Chief Executive Officer of CACEIS Group stated, “A key element in
CACEIS’s servicing strategy is the ability to offer a full range of asset services to clients
wherever in the world they operate. And we are exporting our international fund
administration experience to German real estate fund managers in response to the
growing demand for outsourcing solutions.”
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