SGSS Wins Custody and Depositary Bank Mandate in Serbia

Societe Generale Securities Services (SGSS) has been mandated as custodian and depositary bank by four Serbian pension funds—Delta Generali Basic, Delta Generali Index, DDOR Garant Štednja and DDOR Garant Ekvilibrio.
By Jake Safane(2147484770)
Societe Generale Securities Services (SGSS) has been mandated as custodian and depositary bank by four Serbian pension funds—Delta Generali Basic, Delta Generali Index, DDOR Garant Štednja and DDOR Garant Ekvilibrio.

SGSS in Serbia will provides these pension funds with fund monitoring and trustee services, helping ensure that they are compliant with the controls and reporting required by the Serbian regulatory authorities.

“These four mandates clearly position SGSS as a leader in the pension funds market in Serbia and show our commitment to the Serbian market,” says Pascal Jacquemin, deputy head of the international department at SGSS. “They are a further step in SGSS’ strategy to become a major securities services player in Central and Eastern Europe, a region which is undergoing rapid growth, where it is already one of the leading market providers for pension funds.”

SGSS has been active in Serbia since 2008 after teaming up with its subsidiary, Societe Generale Srbija (SGS). The securities services arm now operates offices in Belgrade.

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