Pascal Brichel has been appointed head of Fund Distribution Services for Socit Gnrale Securities Services (SGSS) and is also CEO and managing director of European Fund Services (EFS), a subsidiary of Socit Gnrale Group which provides these services.
Based in Luxembourg, Brichel will be in charge of the international development of the business. His main objectives will be to establish this activity in the UK and Hong Kong and to develop it in Eastern European and emerging countries, where it will be supported by the existing Socit Gnrale Group network.
Fund Distribution Services is key to the growth of SGSS. Expert teams of 172 people located in Luxembourg, Dublin and Hamburg offer investment funds a range of services to simplify their relationships with investors and distributors. The level of services, which include dedicated account management for investor clients, transaction monitoring, and the calculation and management of trailer fees, can be adjusted according to the requirements of the UCITS and the clients.
SGSS currently has 40 billion in assets under custody in this activity.