CACEIS CEO, Jean-François Abadie commented, “ We are delighted to have the opportunity to host China’s Vice Premier, Ma Kai and the other members of the official delegation at our Luxembourg offices. The Vice Premier’s visit gave us an excellent opportunity to discuss CACEIS’s capabilities in terms of supporting the needs of the Chinese investment management industry.”

CACEIS made a major step forward in its relationship with the Chinese investment management industry when in 2015, it was appointed by Bank of China (Luxembourg) SA to provide custody, depositary, fund administration, fund distribution and other related asset services for its Luxembourg RMB RQFII Ucits fund.

Thanks to the favourable environment for investment funds in Luxembourg, Bank of China (Luxembourg) is taking advantage of this RMB umbrella fund to develop a full range of asset management products in order to attract new investors worldwide. CACEIS is committed to supporting the needs of Bank of China (Luxembourg) in terms of asset servicing as it pursues its business development objectives.