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CACEIS boosts asset servicing client satisfaction with Elgin White strategic partnership

CACEIS Investor services headquarters building

CACEIS, the asset servicing banking group of Crédit Agricole and Santander, has signed a Master Services Agreement with global buy-side technology consulting firm Elgin White to ensure effective client onboarding, responsive client service, and on-time delivery.

CACEIS provides a fully outsourced front-to-back trade processing, recordkeeping, accounting, and reporting service for clients including institutional investors, global custodians, asset management companies, pension funds, private equity funds, banks, brokers, and corporate organizations. The asset servicer utilizes SimCorp Dimension as the delivery platform.

Recognizing that it would be impractical and costly to maintain a complete squad of in-house staff with all the qualities necessary to meet peak demand for these functions, CACEIS has joined forces with Elgin White whose consultants are delivering strategic advisory, technology optimization services, and project team resourcing. The partnership provides CACEIS with the people, expertise, capacity, and skill sets needed to onboard new clients, accommodate their ongoing and future requirements quickly and cost-effectively, and optimize operational efficiency.

Wouter Peters, Global Head of the CACEIS Pensions Centre and Executive Committee Member for the Dutch branch commented:

“The onboarding of each client and their onward journey with CACEIS has individual requirements that need different domain knowledge and technology skill sets, at different times. With Elgin White, we have gained the agility to adapt our project teams, at any given time, and we have the flexibility to adapt our service offering quickly and efficiently, as client requirements evolve. Ultimately, this has enabled CACEIS to improve the experience and boost satisfaction for our asset servicing clients.”

“The speed with which Elgin White can assemble world-class project teams, enabling us to manage peaks of activity effectively, is very impressive. The quality of Elgin White’s consultants, the depth of their buy-side and SimCorp Dimension expertise, and their professionalism in collaborating with both internal staff and our clients is outstanding,” Peters said.

Erik Schutte, Managing Director at Elgin White, said:

“For the firms outsourcing their asset servicing function to CACEIS, flexibility and trust are vital. We are very proud to be working hand in hand with CACEIS to supply the specialist buy-side expertise and resourcing needed to reinforce their exceptional reputation for quality, performance, and security.”

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Jeremy Hurwitz

Managing Director - North America

Based in Los Angeles, California, Jeremy founded InvestTech Systems Consulting LLC in 1990. As President and Director the Enterprise Data Management and Architecture Practice for more than 25 years he managed over 50 large investment technology, strategy, and implementation projects for many of the largest global investment management firms. Following the acquisition of his firm by Accenture in 2017, Jeremy remained as Managing Director, Asset Management Lead.

Jeremy joined Elgin White in 2022 to lead the firm’s launch into North America. He is recognized throughout the North America asset management community as a thought leader and innovation architect in the design of enterprise data, analytics, and reporting platforms. His deep knowledge, broad buy-side network, and extensive experience deploying business-outcome-focused technology solutions successfully has accelerated the growth of Elgin White in North America.

Stanley Drasky

Managing Director

Stan joined Elgin White in 2020 following an impressive 30-year career working predominantly for world-class buy-side financial services firms in North America and Europe. He is a renowned buy-side technology leader with a reputation for designing and delivering large-scale transformation initiatives at scale and pace. Currently, Stan is especially active leading infrastructure (cloud and managed services) transformation projects.

His most recent roles prior to Elgin White include Chief Information Officer (EMEA) at State Street and various senior positions during his eight-year tenure at Northern Trust Corporation, including Head of IT & EMEA/Global Director of Fund Administration Technology, Global Director of Asset Management Technology, and Director of Trade Execution Technologies. Stan has also held senior Operational and Technology roles at Nuveen Investments and BNY Mellon.

Throughout his career Stan has been a strategic client or partner of every major front-to-back office technology vendor including SimCorp and Charles River Development.

Erik Schutte

Managing Director

Erik founded Elgin White’s consultancy practice in 2019, which transitioned the firm into a full-service buy-side consultancy and resourcing business. He is an experienced front-to-back business transformation professional and has held several senior management positions during his more than 30-year career in the UK and his native Netherlands, as well as Asia Pacific.

Previous roles include Head of Professional Services at SimCorp, Director at PwC UK, and Managing Director for Wealth & Asset Management Services at Accenture UK & Ireland.