CACEIS to provide sec lending services Orca Capital
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CACEIS to provide sec lending services Orca Capital 30 March 2017 Munich Reporter: Drew Nicol
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CACEIS has been selected to provide securities lending services to Munich-based Orca Capital for Orca鈥檚 global securities and bonds trading business.
The securities lending services come as part as part of a wider mandate for CACEIS to provide cash equity clearing and settlement services.
The new partnership began at the end of 2016.
Wolfgang Burckhardt, managing director at Orca Capital, said: "We were keen to engage a local, German-speaking service provider with a flexible client-centric approach and responsive support teams.鈥�
鈥淲e look forward to strengthening this initial partnership, and are confident that CACEIS鈥檚 expertise in cash equity clearing and asset servicing will benefit our company. The high levels of straight-through processing, combined with global market knowledge, meet our requirements in terms of speed and efficiency of securities transaction processing.鈥�
Holger Sepp, Member of the management board of CACEIS in Germany, said: 鈥淲e are very pleased to be working with Orca Capital, which is active on the world`s leading stock markets.鈥�
鈥淐ACEIS offers market-leading cash equity clearing services out of its group servicing center in Germany. We are delighted to count Orca Capital among our many large national and international clients.鈥�
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