The European rumour mill has it that the securities services division of Societe Generale is talking to Mellon about an ABN Amro-Mellon or CIBC-Mellon style alliance in French custody. Societe Generale, which recently reaffirmed its commitment to the business with a rating from Fitch, has also caught the eye of BNP Paribas Securities Services. But then everybody is talking to everybody in the over-supplied French market, and not just about mergers, but about sharing back office systems as well.
Is Mellon Talking To Societe Generale?
The European rumour mill has it that the securities services division of Societe Generale is talking to Mellon about an ABN Amro Mellon or CIBC Mellon style alliance in French custody. Societe Generale, which recently reaffirmed its commitment to the