Crédit Agricole and Santander Agree to Merge Custody and Asset Servicing Businesses
Posted on 04/17/2019
Crédit Agricole S.A. and Banco Santander agreed to merge their custody and asset servicing operations. The new business would have approximately €3.34 trillion (US$ 3.8 trillion) of assets under custody. Credit Agricole will own 69.5% of the merged unit, which will retain the brand name of Agricole’s existing asset management arm – CACEIS. Santander will […]
