KUALA LUMPUR – Global asset servicing provider CACEIS, which is under Crédit Agricole S.A. and Santander, has announced that it will position Malaysia as its strategic hub for financial services in the Asia-Pacific region.
The move follows the official establishment of CACEIS Malaysia on July 3, 2023, after its acquisition of RBC Investor Services’ European asset servicing activities. The Malaysian operations currently support the group’s European entities, with plans to expand further in the region.
Speaking at the launch of its new office, CACEIS Malaysia chief executive officer Wilson Sunny said the facility marks a significant step in the company’s long-term regional plans.
“The new office, a Green Building Index (GBI)-certified facility, is currently supporting 1,200 employees and has room to grow. This reflects CACEIS’s commitment to sustainable operations,” he said.
The company has invested around RM1.2 million in training initiatives to support talent development, including leadership development programmes and international training opportunities across Europe and Asia.
CACEIS Malaysia is also expanding its IT and technology capabilities to align with Malaysia’s ambitions to become a financial hub.
“At CACEIS Malaysia, one of our key focuses is to invest in our greatest asset: our people. As we expand our digital and technological capacities, this investment ensures that our team is ready to meet the evolving needs of the industry and our clients,” Sunny added.
Investment, Trade and Industry Minister Datuk Seri Tengku Zafrul Tengku Abdul Aziz, in a recorded message played during the event, said: “This new office signifies our shared ambition to build a more dynamic and future-ready economy that provides high-value opportunities for our people and businesses.
“This milestone reflects not only the company’s growth in the region, but also Malaysia’s rising prominence as a strategic hub for financial services in the Asia Pacific.
“I look forward to seeing this new office grow into a regional leader, supporting not only the group’s missions, but also contributing meaningfully to Malaysia’s financial sector,” he said.
The Ambassador of France to Malaysia Axel Cruau also commented at the event: “I take particular pride in witnessing the continuous growth of French companies in Malaysia, especially institutions like CACEIS.
“It is proof of trust in Malaysia’s investment environment, future growth, which we can achieve together through Malaysia’s established financial ecosystem, regional connectivity and openness to global corporations, is an ideal home for foreign companies to establish their presence.”
CACEIS said in a statement that the launch supports its broader goal of becoming the leading asset servicing provider in Europe and beyond by 2030.
CACEIS operates across Europe, the Americas and Asia, offering services such as custody, depositary, fund administration, middle-office outsourcing, and issuer services.
As of December 31, 2024, it held €5.3 trillion in assets under custody and €3.4 trillion in assets under administration. – April 30, 2025