Deals & Cases
CACEIS to acquire the European asset servicing activities of RBC Investors Services
On October 17, 2022, CACEIS, the asset servicing banking group of Crédit Agricole SA and Santander, and Royal Bank of Canada (RBC) announced that they have signed a Memorandum of Understanding with a view for CACEIS to acquire the European asset servicing activities of RBC Investors Services and its associated Malaysian centre of excellence.
Linklaters Paris advised the CACEIS Group together with Lenz & Staehelin for the Swiss aspects of the transaction. The object of the Memorandum of Understanding is the purchase by CACEIS of RBC's asset servicing activities, including custody, global custody, FX fund administration, transferring agency, middle office and securities lending as well as the activities in Switzerland of the representation of foreign funds.
Lenz & Staehelin's team was composed of François Rayroux (Partner) and Sarah Bechaalany (regulatory and corporate), Jacomo Restellini (employment and social security) as well as Fabiano Menghini (Partner, real estate).