European Bank for Reconstruction and Development (EBRD) has mandated Societe Generale Securities Services (SGSS) as its custody bank in Romania.
SGSS provides custody to local investors via BRD, a subsidiary of the parent bank.
Assets from EBRD are being progressively transferred to SGSS for custody and safekeeping, positioning SGSS as one of its main local partners. Under the terms of the mandate, SGSS will also provide other value-added custody services, such as settlement on the Romanian market for both stock exchange and OTC trading, support for major local IPOs and government securities in the primary market, corporate action services and custody related cash management.
The EBRD supports projects in over 30 countries, from Eastern Europe to central Asia and the southern and eastern Mediterranean. Through its activity in Romania in the coming years, the EBRD will develop projects that will assist Romania in maintaining stability in the financial sector, to support further growth of Romanian enterprises and small and medium-sized enterprises (SMEs).
EBRD Mandates SGSS in Romania
European Bank for Reconstruction and Development (EBRD) has mandated Societe Generale Securities Services (SGSS) as its custody bank in Romania.