The European Bank for Financial Services (ebase) has selected Societe Generale Securities Services (SGSS) in Germany for both trading and custody services.
In addition to SGSS, ebase has also mandated its MFEX Mutual Fund Exchange to support it in the areas of brokerage, custody and trailer fee management.
SGSS Germany, based in Frankfurt, and MFEX will collectively provide trading, custody services, and rebate collection for several thousand ebase funds.
“This new mandate is a significant step for SGSS on the German market, as it reinforces our role as global custodian in Germany,” said Christian Wutz, head of coverage, marketing and solutions, SGSS Germany.
“Our approach with MFEX is in line with SGSS’s platform strategy to integrate the services of various providers to offer our clients best of class modular solutions and products.”
Last year, FinTech firm FNZ Group acquired ebase for €154 million, providing it a new investment platform in Germany.
“We at ebase, and indeed the FNZ Group as a whole, are continuously working on further developing our offering for partners and clients, so that, in Germany too, we may become the leading source of digital B2B investment solutions for financial service providers and their clients,” said Kai Friedrich, spokesperson for ebase.
“We are pleased to have entered into a partnership with Societe Generale Securities Services and MFEX Mutual Funds Exchange, top performing companies with whom we can continue to grow in the coming years.”