S3 Caceis

What S3 Caceis does

S3 CACEIS is a private post-trade and asset servicing provider operating across Latin America and Europe, formed in 2019 when Santander acquired a stake in CACEIS and contributed its Securities Services (S3) operations in Spain, Brazil, Mexico, and Colombia. The company delivers execution, compensation, custody, and asset valuation services to financial institutions, global custodians, insurers, asset managers, corporations, and government entities. It holds regulated banking and fiduciary licenses in each jurisdiction (Banco S3 CACEIS México S.A. Institución de Banca Múltiple, S3 CACEIS Brasil DTVM S.A., S3 CACEIS Colombia S.A. Sociedad Fiduciaria, and CACEIS Bank Spain SAU), with 15% market share in Mexican custody, Top 5 custody ranking in Brazil, and 80+ institutional clients in Mexico.

The company's core technology stack is built around flexible, configurable post-trade platforms with SWIFT messaging integration and real-time reporting capabilities. Client-facing portals include SantanderOper (Brazil) for custody and settlement, S3 DTVM for fund administration in Brazil, and dedicated custody portals for Mexico and Colombia. Product breadth spans custody and settlement, fund administration (NAV calculation, accounting, tax computation), fiduciary administration, foreign investor representation under Colombian Decree 119/2017, and third-party fund distribution (notably BlackRock funds in Mexico). The firm positions itself as a "ONE STOP SHOP" leveraging Santander Group distribution across Treasury, Corporate Banking, Cash Management, Private Banking, FX, Brokerage, and Asset Management.

S3 CACEIS operates on a subscription/recurring revenue model for core custody, settlement, and fund administration services, complemented by transaction fees on third-party fund distribution. Go-to-market is sales-led through dedicated relationship managers and product specialists across each market, supported by self-service digital portals. The company employs 251-500 staff across four country headquarters (Mexico City, São Paulo, Bogotá, and Spain), with explicit strategic priorities centered on operational excellence, growth via co-creation, digitalization of the service ecosystem, and organizational self-development.

Name

S3 Caceis

Legal name

Banco S3 Caceis México, S.A., Institución de Banca Múltiple

Website

https://s3caceis.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

251–500 employees

Short description

S3 CACEIS is a private post-trade and asset servicing provider delivering custody, settlement, and fund administration to institutional clients including global custodians, asset managers, banks, insurers, pension funds, and government entities across Mexico, Brazil, Colombia, and Spain, backed by Santander and CACEIS.

Ownership category

akta.pro rank

Product category

Asset Servicing

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Trusts, Estates, and Agency Accounts (52592)

SIC

Finance Services (6199)

akta.pro primary industry

Transfer Agency & Shareholder Recordkeeping (Custody-Linked) (FSAFAHAJ)

Keywords

• Asset servicing
• Custody services
• Fund administration
• Post-trade solutions
• Securities settlement

Headquarters

HQ city

Mexico City

HQ country

Mexico

HQ region

Latin America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Custody and Settlement Services: Execution, compensation, custody and valuation of assets for financial institutions, global custodians, insurers, asset managers, corporations and government entities
2. Fund Administration: Daily valuation, NAV calculation, accounting of investment funds, and fund administration services in Brazil
3. Securities Custody Services: Custody services for Portfolio Foreign Investors (IPE) and Local Portfolio Investors (ILP) in Colombia, including mandatory and complementary services
4. Third-Party Fund Distribution: Distribution of third-party funds (e.g., BlackRock funds) in Mexico, providing access to various fund categories

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

S3 Caceis provides execution, settlement, custody, fund administration, and valuation of assets for institutional clients across Brazil, Mexico, Colombia, and Spain. It supports international investors accessing local Latin American markets, manages domestic collective investment vehicles, and offers fiduciary, controladoria, and reporting services through licensed local entities. The company combines CACEIS's asset-servicing heritage with Santander's local market infrastructure to deliver integrated post-trade solutions.

Product overview

S3 CACEIS is a global asset servicing and post-trade operations provider operating across Europe and Latin America (Brazil, Mexico, Colombia), backed by Santander and CACEIS. The company offers a unified platform for custody, settlement, and asset administration services through regional subsidiaries: S3 CACEIS Brasil DTVM S.A., Banco S3 CACEIS México S.A., and S3 CACEIS Colombia S.A. Sociedad Fiduciaria. The core offering includes post-trade services (custody, settlement, asset valuation) with regional variations—Brazil provides comprehensive custody, fund administration (Controladoria), fiduciary administration, and foreign investor representation; Mexico focuses on institutional custody with 15% market share and third-party fund distribution; Colombia serves Foreign Portfolio Investors (IPE) and Local Portfolio Investors (ILP) under Decree 119/2017 with custody for Collective Investment Funds. Clients access services through dedicated platforms including the SANTANDEROPER portal (Brazil) and dedicated custody portals (Mexico, Colombia), with SWIFT messaging integration for international operations.

Differentiator

Problem solved

Functional benefit

Products and services

• Custody and Settlement Services (Brazil)
• Controladoria (Fund Administration - Brazil)
• Administración Fiduciaria (Fiduciary Administration - Brazil)
• Representación a Inversores Extranjeros (Foreign Investor Representation - Brazil)
• Custody Services (Mexico)
• Third Party Fund Distribution (Mexico)
• Foreign Portfolio Investor Services (Colombia)
• Local Portfolio Investor Services (Colombia)
• Custodia de Valores en el Exterior (Foreign Securities Custody - Colombia)
• Collective Investment Fund Services (Colombia)
• Fund Services for Collective Investment Schemes (Spain)

Quantifiable outcome

• Top 5 custody provider in Brazilian market with 20+ years experience
• +3 more outcomes

Segments9 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Partnerships

Two partnerships are on record, tiered core and minor.

• CACEIScoreStrategic or Co-development Partner · 1 January 2019CACEIS (European asset servicing leader) merged with Santander Securities Services (S3) to create S3 CACEIS, a global post-trade services provider. CACEIS brings European best practices, technology platforms, and operational expertise, while S3 provides the Latin American footprint and local market knowledge.
• BlackRockminorChannel Partner/ Reseller/ DistributorS3 CACEIS Mexico distributes BlackRock investment funds through its platform, offering various fund categories including discretionary portfolios, specialized in international and national equities, and debt securities. BlackRock funds include BLKDIP, BLKEM1, BLKEURV, BLKFIH, BLKFUSA, BLKINT1, BLKMED, BLKUSEQ, BLKUSLQ, BLKGLO2, BLKGLO3, and BLKGLO4.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• CACEIS: CACEIS is the European asset servicing leader that combines with Santander Securities Services to form S3 CACEIS. It offers the same custody, fund administration, and post-trade services across European markets, making it the closest functional mirror of S3 CACEIS, simply operating in a different geography under the same ultimate ownership umbrella.
• Clearstream: Clearstream (Deutsche Börse Group) is a post-trade infrastructure provider offering custody, settlement, and asset servicing across European and international markets. Its post-trade infrastructure model is functionally similar to S3 CACEIS's settlement and custody services for cross-border institutional flows.
• Brown Brothers Harriman (BBH): BBH is a private, partnership-owned custody specialist serving asset managers, pension funds, and alternative investment managers globally. Its custody-focused business model and institutional client base closely mirror S3 CACEIS's core franchise, making it a strong direct competitor in the asset servicing space.

Broad incumbents

• HSBC: HSBC's Securities Services business provides custody, fund administration, and post-trade services globally with notable strength in emerging markets, including Mexico. It is a comparable competitor for cross-border institutional mandates that include LatAm exposures.
• State Street: State Street is a global custodian and asset servicing giant with deep relationships with the world's largest asset managers and pension funds. It competes head-to-head with S3 CACEIS for cross-border custody mandates from institutional clients operating in LatAm markets.
• J.P. Morgan: J.P. Morgan's Securities Services division provides global custody, fund administration, and post-trade services for institutional clients worldwide. It has a meaningful LatAm presence and competes with S3 CACEIS for the custody and asset servicing mandates of large global asset managers and asset owners.
• Citi: Citi's Issuer Services and Securities Services divisions offer global custody, fund services, and post-trade solutions. With a strong historical presence in LatAm through Citi's consumer and institutional banking franchise, it directly competes with S3 CACEIS for institutional custody mandates in Mexico, Brazil, and Colombia.
• BNY Mellon: BNY Mellon is one of the world's largest global custodians offering custody, fund administration, and asset servicing across 100+ markets. It competes with S3 CACEIS for the same institutional clients in LatAm as a sub-custodian or direct custodian, and represents the largest scale competitor in the segment.

Regional players

• BTG Pactual: BTG Pactual is the largest investment bank in Latin America, offering asset management, wealth management, and custody services across the region. It competes with S3 CACEIS in Brazil and other LatAm markets for institutional custody and asset servicing mandates.
• Itaú Unibanco: Itaú Unibanco, the largest private bank in Brazil, offers custody, fund administration, and asset management services domestically. It competes with S3 CACEIS Brasil DTVM for custody and fund administration mandates in Brazil, representing the strongest local competitor in that market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/s3-caceis

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about S3 Caceis