CACEIS’ outsourcing service has been selected by the Dutch insurer Lifetri Group for its middle and back-office asset management.
The service to Lifetri includes full investment administration, transaction processing and investment reporting allowing the firm to focus on its growth in the insurance and pension market.
The outsourcing will also enable Lifetri to monitor its investments and have an integrated view of all internally and externally managed portfolios.
The services of CACEIS are implemented by its European Centre of Excellence using the latest version of partner SimCorp Dimension. CACEIS supports the front office, executes the post-trade processes and reports on the investments.
Han Rijken, chief investment officer of Lifetri on the cooperation, comments: “By outsourcing, Lifetri is assured of a state-of-the-art asset servicing process. This is an important pillar for our growth.”
Rijken explains: “It also allows Lifetri to focus on what we do best: building a robust and high-yielding investment portfolio that enables us to offer innovative, guaranteed insurance and pension products to Lifetri’s customers.”
Sikko van Katwijk, country managing director Netherlands and UK at CACEIS, says: “We are delighted to have been selected by Lifetri as a strategic partner to support its growth objective.”
“As part of Crédit Agricole and Santander, two of Europe’s largest banking groups, we have the scale and expertise to operate as a one-stop-shop for all the needs of our insurance customers. With this partnership, we are further realising our commercial ambitions,” Katwijk adds.