CACEIS Completes Acquisition Of Royal Bank of Canada Investor Services' Operations In Europe And Malaysia
Portfolio Pulse from Benzinga Newsdesk
CACEIS, the asset servicing branch of Crédit Agricole, has completed the acquisition of Royal Bank of Canada's (RBC) Investor Services operations in Europe and Malaysia. The deal expands CACEIS's global footprint and enhances its capabilities in these regions.
July 03, 2023 | 7:01 am
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POSITIVE IMPACT
Crédit Agricole's asset servicing branch, CACEIS, has acquired RBC's Investor Services operations in Europe and Malaysia. This could potentially boost Crédit Agricole's revenues and global presence.
The acquisition of RBC's Investor Services operations by CACEIS, a branch of Crédit Agricole, could potentially increase Crédit Agricole's revenues and expand its global footprint. This could positively impact the company's stock in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Royal Bank of Canada (RBC) has sold its Investor Services operations in Europe and Malaysia to CACEIS. The impact on RBC's revenues and operations is unclear at this stage.
RBC has sold its Investor Services operations in Europe and Malaysia to CACEIS. The impact of this sale on RBC's revenues and operations is unclear at this stage, hence the neutral score.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100