Soc Gen chosen by Italian real estate fund for depositary services

Italian real estate fund run by Ministry of Economy and Finance appoints Soc Gen as depositary bank.

By Jonathan Watkins

Societe Generale Securities Services in Italy has been chosen by Invimit SGR, a company held by the Ministry of Economy and Finance, to provide depositary bank services for the new Dante real estate fund.

“The launch of the Dante Fund means for Invimit SGR giving life to a unique operation of its kind, which inaugurates an innovative approach to the enhancement and management of public real estate assets,” said Giovanna Dalla Posta, CEO of Invimit SGR.

A model created to be scalable and replicable, with the aim of promoting investments in the real economy of our country and contributing to the reduction of public debt. We are delighted to consolidate our relationship with SGSS in Italy, confident that their technical and strategic expertise can best support our ambitious project.”

The mandate adds to a growing list of Soc Gen’s depositary business wins, which have included Alpha Real Capital, Fineco Asset Management and Absa Wealth and Investment Management.

It is very important for SGSS to accompany Invimit SGR in this relevant and innovative project for the enhancement of the Italian public real estate assets,” said Roberto Pecora, CEO of Societe Generale Securities Services in Italy. 

The Dante fund, with its support to the Italian economy, represents a concrete example of the initiatives that Societe Generale group aims to support. Our mission is, in fact, to contribute to the sustainable development of the economy and society, through innovation and responsible solutions with a positive impact.”