As part of the mandate, SGSS will provide depositary services to five of Sofidy’s alternative investment funds, including Sofidy Europe Invest.
New offering through local subsidiary will allow the bank to develop its services in one of the most prominent financial markets in West Africa.
JP Morgan has hired a 30-year veteran and GC Legend to oversee its activities with sub-custodians across the Europe, Middle East and Africa (EMEA) region.
The mandates adds to a growing list of Soc Gen’s depositary and fund administration business wins across Europe.
Societe Generale Forge plans to offer crypto assets structuring, issuing, exchange and custody services to clients by 2022.
Covering some of Europe’s emerging markets, Stewart Gladstone, head of segment and solutions, banks and financial institutions at Societe Generale Securities Services, is calling for some of the positive changes from the COVID-19 environment to become permanent features.
SGSS will use the TCS BaNCS as its next-generation, multi-entity asset servicing platform in France, Germany, Ireland, Luxembourg and the UK.
Organisational restructure will see the closure of Societe Generale’s securities services offering to funds in the UK.
The partnership bolsters SGSS’ post-trade coverage for mid-tier broker-dealers in Europe.
The new ‘Fund Alerts’ servoce will give asset managers an instantaneous view of their fund liability movements through various customised alerts.