CACEIS Bank Spain SAU is a leading Custodian bank in the markets and geographies where it operates, earning an excellent reputation during the more than 30 years that it has been providing its customers with the highest quality of service.


Crédit Agricole S.A and Santander announce the closing of the strategic combination of CACEIS and CACEIS Bank Spain SAU and the creation of a major global player

Pursuant to the agreements, 100% of S3 Spain and 49.99% of S3’s operations in Latin America (Brazil, Mexico and Colombia) have been contributed to CACEIS. As a result, Crédit Agricole S.A. and Santander hold 69.5% and 30.5% of CACEIS, respectively.

The transaction combines two strong custody and asset servicing players to form a leading global player in Europe and worldwide, with EUR 3.9 trillion in assets under custody and EUR 2.1 trillion in assets under administration (figures at 30/09/2019).

CACEIS and S3 will benefit from value creation thanks to commercial synergies and growth prospects. They will gain competitive positioning and benefits from enhanced geographical presence, the full coverage of the asset servicing value chain and an expanded offering to support both existing and new clients in their projects and their development.

The enlarged group will be better placed to capture growth in high potential markets, such as Latin America, and new opportunities, with the support of two strong shareholders.


Banco S3 CACEIS México begins operations

Banco S3 CACEIS México commences its activity with all the bank licenses and approvals to provide custody and settlement services.


Constitution of SC Colombia

In August 2017, the Trust Company Santander CACEIS Colombia S.A. was formed, under Colombian law, with a great projection of entering the Securities market and becoming one of the most important Custodians in Colombia for local and foreign investors.


Creation of specialized business units

Creation of CACEIS Bank Spain SAU (S3) as an integrated front-to-back specialized business unit to provide depositary, custody and settlement services to institutional customers, and creation of Santander Fund Administration, S.A.U (SFA) to provide fund administration services.


Enhancements in Poland and Brazil

Santander acquires BZW in Poland and extends its service network. In Brazil, it structures a DTVM vehicle exclusively dedicated to the administration, custody and supervision of CIS.


Increased offering to custody customers

Santander began to offer ancillary services and access to international fund platforms to its custody customers as part of an integrated offer.


Technological renewal

Santander renews its technological platform with complete SWIFT communication.


Start of the fund administration service in Brazil

Santander introduced fund administration services for domestic customers in Brazil using the web as a communication channel.


Strengthening in Portugal

Santander acquires Banco Totta e Açores in Portugal, bolstering its presence and business offering in the country.


Consolidation in Latin America

The service network was consolidated in 7 Latin American countries: Argentina, Brazil, Chile, Colombia, Mexico, Peru and Venezuela.


Start of wholesale business in Mexico

Santander began wholesale business operations in Mexico, including custody and settlement services.


Royal Legislative Decree on Foreign Investment in Spain

Royal Legislative Decree 1265/1986, of 27 June, on foreign investment in Spain, is published. Santander started to offer settlement and custody services in Spain to foreign institutional customers.