The Swiss firm will use the custody, fund administration, and transfer agency services of CACEIS.
Syz Asset Management has tapped the asset servicing banking group, CACEIS, created by Crédit Agricole and Santander, to provide custody, fund administration, and transfer agency services because CACEIS offers bespoke solutions, according to the firm, which is part of the Swiss family-owned Syz Group.
“The mandate covers all of Syz Asset Management’s funds totaling over CHF 3 billion,” according to the announcement. Syz Asset Management specializes in bond and money-market instruments for Swiss institutional investors
“What convinced us was CACEIS’s ability to fully understand our challenges and the offer of strong operational capabilities that align perfectly with the complex needs of our expert clientele who demand the highest professional standards,” says Frédéric Lenoir, chief operating officer (COO) of Syz Asset Management, in a prepared statement.
Syz Group, founded in 1996, has a focus on wealth and asset management, and offers personalized services and investment opportunities through three entities: Syz Bank, Syz Capital, and Syz Asset Management, officials say.
Based in Geneva, Switzerland, the Syz Group has offices in Zurich, Pfäffikon, Lugano, Locarno, Istanbul, Johannesburg, and Montevideo.
CACEIS, which has offices across Europe, North and South America, and Asia, offers execution, clearing, foreign exchange, securities lending, custody, depositary, fund administration, fund distribution support, middle-office outsourcing, and issuer services.
Need a Reprint?