Socit Gnrale Securities Services has been chosen by Ilmarinen Mutual Pension Insurance Company, a Scandinavian pension service provider, to provide trade processing, reconciliation and reporting, collateral management and independent pricing services.
According to SGSS officials, SGSS services were selected based on the specific expertise of its teams on OTC and other complex instruments and, more particularly, for its strong financial engineering capacity to independently price complex products and its collateral management capabilities.
Other factors were the flexibility of SGSS IT platform, combined with the banks capacity to take Ilmarinen on-board quickly.