Societe Generale Securities Services (SGSS) has won a mandate from Inarcassa, Italy’s national social assistance fund for self-employed engineers and architects, to act as its depositary bank, providing a wide range of securities services.
Inarcassa was established in 1958 as a national public body but is now a private organization with around €7 billion in assets under management and around 170,000 fund subscribers.
SGSS will provide Inarcassa with services spanning custody, settlement, fund accounting, trustee, portfolio analysis reporting and cash management.
The bank says it won the mandate due to its ability to proivde innovative solutions and web platforms capable of meeting clients’ operational needs for asset monitoring, valuation and reporting.
SGSS Wins Securities Services Mandate in Italy
Societe Generale Securities Services (SGSS) has won a mandate from Inarcassa, Italy's national social assistance fund for self-employed engineers and architects, to act as its depositary bank, providing a wide range of securities services.