trending Market Intelligence /marketintelligence/en/news-insights/trending/imLTAtBizbnS4ANF8vVN3Q2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Crédit Agricole, Santander complete merger of custody, asset-servicing divisions

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible


Crédit Agricole, Santander complete merger of custody, asset-servicing divisions

Crédit Agricole SA and Banco Santander SA completed the combination of their custody and asset-servicing arms, after obtaining all regulatory, board and shareholder approvals, as well as meeting the precedent conditions.

Under the deal, 100% of Santander Securities Services SA Sociedad Unipersonal's operations in Spain and 49.99% of the firm's Latin American activities are integrated into CACEIS SA, the existing unit of Crédit Agricole. The French lender will own 69.5% of the combined CACEIS entity, while Santander will hold a 30.5% stake.

The combined entity has €3.9 trillion in assets under custody and €2.1 trillion in assets under administration, as of Sept. 30.

Meanwhile, Jean-François Abadie will continue to serve as CEO of CACEIS, while Carlos Rodriguez de Robles, who currently serves as general manager of Santander Securities Services, will be in charge of the Spanish and Latin American operations, reporting to Abadie.