CACEIS already administers funds managed by Groupama Asset Management and provides custody for its open-ended funds. With this deal, CACEIS becomes the sole custodian and leading fund valuation agent for the funds of Groupama Group, a major player in the insurance sector in France.

Fabrice Heyries, Deputy Chief Executive Officer of Groupama Group, said: "By choosing CACEIS, a leading asset servicing company in Europe, we will benefit from high quality service and an understanding of Groupama's specific needs.”

Joe Saliba, Deputy Chief Executive Officer of CACEIS added: "We are proud to have won this prestigious mandate and we thank Groupama Group for the confidence it has shown in us. This new success confirms CACEIS's positioning as a key player in the asset servicing market."