NEW YORK & LONDON--(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.
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