French bank expands African presence with custody and issuer services in Cameroon.
SGSS Germany and MFEX will collectively provide trading, custody services, and rebate collection for several thousand ebase funds.
SGSS has promoted two of its senior sales executives to lead strategy and relationship management for two key client segments.
SGSS has grown into a leading securities service provider in Italy with over €698 billion in assets under custody.
Pershing has recruited two new sales directors who will be tasked to support its ambitious growth strategy for Europe.
The mandate for Alpha Real Capital includes custody and depositary services for a newly launched UK property fund.
The French bank has onboarded eight clients across Europe onto its front-to-back outsourcing platform CrossWise.
The deal will see MFEX manage all post-trade services related to funds, currently operated by Societe Generale Luxembourg.
SGSS will become Fineco’s transfer agent and fund administrator in Italy and Luxembourg for its UCITS funds.