Deutsche Bank Wins Fund Services Mandate from Cadence Capital Management
May 15 2017 - 3:01PM
Business Wire
Deutsche Bank today announced that it is broadening its existing
relationship with Pacific Life Insurance Company through its
subsidiary Cadence Capital Management LLC. Deutsche Bank has been
selected to provide fund administration services for Cadence, a
Boston-based asset manager with USD 4 billion in assets under
management, acquired by Pacific Life in 2016.
Deutsche Bank Fund Services will provide fund accounting and
investor services to the Cadence Global Equity Fund LP.
“We are proud to support Cadence through our award-winning fund
administration platform and further build on our strong
relationship with Pacific Life,” said David Rhydderch, Global Head
of Alternative Fund Services within Deutsche Bank’s Global
Transaction Banking business. “During the entire lifecycle of a
fund, Deutsche Bank provides clients with access to a comprehensive
range of solutions, value-add services such as foreign exchange and
regulatory reporting, and proven global expertise.”
“We selected Deutsche Bank for their market-leading technology
platform and focus on client service,” said Mike Skillman, CEO at
Cadence Capital Management. “As Cadence grows its global equity
fund offering, we know Deutsche Bank will deliver holistic and
innovative fund administration solutions.”
Deutsche Bank continues to be a leader among fund services
providers. In October 2016, the HFM Week U.S. awards named Deutsche
Bank Best administrator for client service in the over USD 30
billion category for the second consecutive year.
Deutsche Bank’s Fund Services group has over USD 300 billion in
assets under administration and offers a full range of fund
administration, custody and banking services to traditional and
alternative asset managers. During the entire lifecycle of a fund,
clients have access to a comprehensive range of solutions including
cash management and a broad variety of securities services. The
Fund Services team is part of Deutsche Bank’s Securities Services
business within Global Transaction Banking.
About Deutsche Bank
Deutsche Bank provides commercial and investment banking, retail
banking, transaction banking and asset and wealth management
products and services to corporations, governments, institutional
investors, small and medium-sized businesses, and private
individuals. Deutsche Bank is Germany’s leading bank, with a strong
position in Europe and a significant presence in the Americas and
Asia Pacific.
This communication has been approved and/or communicated by
Deutsche Bank Group. Products or services described in this
communication are provided by Deutsche Bank AG or by its
subsidiaries and/or affiliates in accordance with appropriate local
legislation and regulation. This communication is for informational
purposes only and is not an offer or solicitation to buy or sell
any security and is not legal, investment, tax or other advice of
any kind. For more information: www.db.com. Copyright © May 2017
Deutsche Bank AG. All rights reserved.
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Deutsche Bank AGPress & Media RelationsKerrie McHugh, +1
212-250-6853kerrie.mchugh@db.com
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