Societe Generale Securities Services (SGSS) has been mandated by Ethias, the 4th largest Belgian insurance company, to provide independent valuation services.
These services cover a portfolio of complex structured products. “SGSS was retained because of its expertise in this area, alongside the quality of its services (database of mathematical models developed in-house, flexibility in valuation frequency, analysis of discrepancies with counterparties, etc.) and the competitiveness of its bid,” according to a release from the bank.
The mandate is an example of the increasing interest among investors to obtain valuation by third-party specialists of the complex financial instruments held in their portfolios.