The Board of Directors of ESPERIDES, a Luxembourg-registered SICAV, has selected CACEIS as the fund’s custodian, depositary bank and its administrative agent, as well as for the production of financial reporting.
ESPERIDES is the vehicle grouping together the Belgian pension fund assets for GDF Suez Group and companies in the Belgian gas and electricity sector. The EUR2 billion in assets managed by the investment fund have been recently transferred to CACEIS.
The ESPERIDES SICAV is managed by Contassur Assistance Conseil, a subsidiary of Contassur, the life insurance company dedicated to providing group insurance for the GDF Suez Group and companies in the Belgian gas and electricity sector.
The new partnership strengthens the links between Contassur and CACEIS, which already provides the safekeeping of the insurance company’s assets in the form of mandates.