!css

SGSS to provide trustee and valuation services for « Emergence », a Paris financial marketplace fund

SGSS has been designated by the Board of Directors of the fund « Emergence », following a request for proposal.

Societe Generale Securities Services has been designated by the Board of Directors of the fund « Emergence », following a request for proposal, to provide trustee and valuation services to the delegated asset manager NewAlpha AM. « Emergence », which has 120 million euros in assets under management, is the first seed-money fund launched with the support of the Paris financial marketplace.

As a delegated fund manager, NewAlpha's mission will be to select young asset management companies to help them reach critical mass by acquiring institutional references which will facilitate their development. SGSS will thus provide the reporting required to highlight to investors the management capabilities of these companies.
 
In this context, SGSS has been retained, notably, for its capacity to respond to the information and reporting constraints required by institutional investors, including the requirement for transparency imposed by the Solvency II directive*.

Against the background of this directive, SGSS is developing a multiple offering with its asset management and insurer clients, where the first step is to recover financial information. This offering includes, in particular, transparent inventories, allowing for a highly accurate assessment of the investment profile of the whole portfolio, as well as the associated risk criteria.

Created in 2003, the asset manager NewAlpha is today a fully-owned subsidiary of OFI Group. With 47.2 billion euros in assets under management (as at the end of December 2011), it is one of the leading players in the French asset management market. It is recognised as the European specialist in seed-capital, an original investment solution which enables qualified investors to participate in the launch and growth of funds managed by entrepreneurial asset management companies.


* Solvency II is a European directive which aims to better adapt the solvency requirements of insurance and reinsurance companies to the real economic risks incurred by their activities.

May
2017
QNB Suisse SA appoints SGSS in Ireland for its pioneer UCITS-compliant umbrella fund
QNB Suisse SA, a subsidiary of Qatar National Bank, has selected SGSS in Ireland to help establish and support QNB...
Fund Distribution Services
QNB Suisse SA, a subsidiary of Qatar National Bank, has selected SGSS in Ireland to help establish and support QNB Global Funds ICAV, its European UCITS-compliant umbrella fund.
en/newsroom/news/news/news/qnb-suisse-appoints-sgss-ireland-for-its-pioneer-ucits-compliant-umbrella-fund/
May
2017
French national pension fund for the self-employed appoints Societe Generale Securities Services for custody services
Following a public tender, CNAVPL*, the French national pension fund for self-employed professionals, representing a...
Apr
2017
SGSS innovates with Euronext to provide a new fund investment solution
SGSS is contributing to an innovative model, Euronext Fund Service, to facilitate investments in funds for domestic and...
Fund Administration and Asset Servicing
SGSS is contributing to an innovative model, Euronext Fund Service, to facilitate investments in funds for domestic and international investors.
en/newsroom/news/news/news/sgss-innovates-with-euronext-provide-new-fund-investment-solution/
Apr
2017
Fighting poverty and striving for women empowerment
Mar
2017
SGSS strengthens its coverage team across Southern Europe
SGSS has appointed Lucrezia Brucoli as Head of Coverage to support business development across Southern Europe.
Appointments
SGSS has appointed Lucrezia Brucoli as Head of Coverage to support business development across Southern Europe.
en/newsroom/news/news/news/sgss-strengthens-its-coverage-team-across-southern-europe/
Feb
2017
Quarterly Financial Information
2016: HEALTHY GROWTH IN GROUP NET INCOME
Results
2016: HEALTHY GROWTH IN GROUP NET INCOME
en/newsroom/news/news/news/quarterly-financial-information-2/
Jan
2017
SGSS in Italy launches Synapse, a new service to support fund distribution
Societe Generale Securities Services in Italy (SGSS S.p.A.) launches SYNAPSE, a new service to support fund distribution...
Jan
2017
SGSS strengthens its Coverage, Marketing and Solutions team
SGSS has appointed Matthew Davey as Managing Director and Head of Business Solutions to reinforce its service offering...
Appointments
SGSS has appointed Matthew Davey as Managing Director and Head of Business Solutions to reinforce its service offering for institutional investors, asset managers, financial intermediaries and corporates.
en/newsroom/news/news/news/sgss-strengthens-its-coverage-marketing-and-solutions-team/
Dec
2016
Altana Wealth Limited selects SGSS in Ireland for its UCITS fund structure
Altana Wealth Limited in the United Kingdom has appointed Societe Generale Securities Services (SGSS) in Ireland to...