Societe Generale Completes Back Office Transfer for Kepler

Societe Generale Securities Services (SGSS) has completed the transfer of global back-office related activities from Cheuvreux for Kepler Cheuvreux. 



This transfer was launched following SGSS’ mandate win from Kepler Capital Markets in November 2012, as part of the latter’s acquisition of Crédit Agricole Cheuvreux.

SGSS was retained to provide a clearing and settlement solution for Kepler Cheuvreux’s equity business worldwide. The transfer process involved integrating both the institutional and retail activities, which were migrated in six months. 

Under the terms of the mandate, SGSS provides clearing and settlement services in 29 markets worldwide.

In May 2013, Kepler Capital Markets announced the closing of its agreement with CA Cheuvreux to buy the whole of its activity in order to create Kepler Cheuvreux and become one of the principal equity brokers in Europe. The company is now centred on four specialist activities: equities, debt & credit, investment solutions and corporate finance.