SGSS Selects Misys For Custody Support

Misys has announced that Societe Generale Securities Services (SGSS) has gone live with the Summit FT integrated solution to support its asset servicing and custody services
By None

Misys has announced that Societe Generale Securities Services (SGSS) has gone live with the Summit FT integrated solution to support its asset servicing and custody services business in Paris, France.

SGSS has experienced growth in demand from asset management firms, insurance companies and other buy-side institutions looking to trade OTC derivatives and structured products. As a result SGSS engaged Misys to unify systems across its fund administration & asset servicing (middle office) as well as custody depository & trustee services (back office) businesses.

The firm, which has EUR2,560 billion of assets under custody, (at end of December 2008) has completed the implementation of Misys Summit FT, a multi-asset class front-to-back office solution. SGSS has also installed Misys Summit MUST application, a software platform for pricing and managing exotic OTC derivatives, hybrid and structured products.

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