SGSS to offer Fund Services in the UK
SGSS, a business line within Societe Generale group providing securities services and fund services, has received approval from the UK regulators to offer trustee and depositary services in the UK for UCITS and alternative investment funds.
As a result of this approval, SGSS is now starting to offer full custody, depositary and fund administration services for UK funds. Bertrand Blanchard, SGSS’ Country Manager in the UK, commented: “As the 2nd largest European custodian and among the top 10 worldwide, SGSS has a recognised global expertise in trustee and depositary services. We are now delighted to be able to extend this expertise to the UK and offer significant new services to our clients here and thus continue to support and partner them in their growth and development. “
These services will further strengthen SGSS’ presence in the UK, where it already provides a range of products and services to a wide client base. In particular, SGSS offers operational efficiencies through a range of integrated client solutions aimed at brokers, banks and financial institutions, and via wealth and investment management outsourcing solutions for wealth fund managers.