Societe Generale Securities Services (SGSS) has been chosen by Zurich-based asset manager Swisscanto for cross-border fund distribution services across five European countries.
SGSS will use its distribution network and its central services hub in Luxembourg to distribute Swisscanto Asset Management’s funds in France, Italy, Spain, the Netherlands and the UK.
It will also provide legal and administration services for registering the funds in each country and provide investor inquiry monitoring and local intelligence.
“Swisscanto’s decision shows the commitment of our teams in Luxembourg to provide the best service to asset managers and how SGSS leverages on one of the wider network to allow fund distribution all over Europe and beyond,” said Régis Veillet, head of business development, cross-border fund solutions, SGSS.
SGSS will also be responsible for coordinating the various local representative agents and provide an overview of fund activity to facilitate distribution of Swisscanto Asset Management’s four funds and 26 sub-funds in the five countries.
Swisscanto is also currently considering expanding into countries such as Austria, Monaco and Singapore.