SGSS mandated by AlfaStrakhovanie Group to provide depositary and custody services in Russia
The Russian largest private insurance company appoints Societe Generale Securities Services (SGSS) to become its depositary and custodian for all its assets.
AlfaStrakhovanie is the largest private insurance company in Russia. Widely represented in the regions of Russia. AlfaStrakhovanie provides corporate business protection programs and a wide range of insurance products for more than 29 million private clients and companies.
“SGSS’ advanced IT connectivity solutions and proven experience in servicing international securities, together with their readiness to tailor operational delivery and client service to meet our company’s needs, were important factors in awarding the mandate.”, says Alexander Baydakov, Head of Asset Management Department of AlfaStrakhovanie.
Present through Rosbank in Moscow, SGSS in Russia is one of the oldest and leading custodians in the local market with over 20 years operating experience, offering the complete range of custody and fund administration services, accompanied with a wide set of value-added products and tailor-made solutions. The SGSS Russia's team members are well recognized experts within the Russian securities market industry and are active members of the local infrastructural organizations (Moscow Exchange and CSD), professional associations and various working groups and committees governed by the Bank of Russia and state authorities.