ABN Amro has been awarded a mandate by Groupe Caisse d’Epargne, one of the largest financial services institutions in France, to provide outsourced and white-labelled trade services. The agreement, believed to be the first of its kind in mainland Europe, will see Groupe Caisse d’Epargne make use of ABN Amro’s trade services technology and global network. This will enable Groupe Caisse d’Epargne to compete more effectively for trade business and build its market share by providing market leading services to its clients, backed by ABN Amro’s ongoing investment in scale and new functionality. Gary Page, global head of commercial banking at ABN Amro said: “This is a milestone for financial institutions on the continent. Long-term partnerships of this type require a significant amount of confidence and trust between institutions; I am delighted that Groupe Caisse d’Epargne has shown that confidence in ABN Amro and we look forward to further building their trust as we work together over the coming years.”
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