CACEIS takes on Credit Suisse German real estate

Crédit Suisse Real Estate Investment Management Germany has appointed CACEIS to administer its German real estate funds following a tender process.

Frank Schäfer, Managing Director of CREDIT SUISSE ASSET MANAGEMENT Immobilien KAG mbH, said the appointment enables it to focus its resources on the core activities of conception and management of real estate investment products for our investors. “The RFP process enabled us to carefully consider all relevant aspects of outsourcing our fund administration needs to a servicing provider,” he said. “We are therefore convinced that by selecting CACEIS, a leading European fund administrator with proven real asset expertise in Germany and elsewhere, we have not only made the best possible choice for Credit Suisse Real Estate Investment Management, but also for our investors.”

Joe Saliba, deputy chief executive officer of CACEIS Group stated: “A key element in CACEIS’s servicing strategy is the ability to offer a full range of asset services to clients wherever in the world they operate. And we are exporting our international fund administration experience to German real estate fund managers in response to the growing demand for outsourcing solutions.”