SGSS receives double honours at Custody Risk European Awards
Societe Generale Securities Services (SGSS) has received 2 awards from Custody Risk* magazine at its European Awards ceremony in London on Wednesday, 20 November 2013.
SGSS was named “Custodian of the Year” in Italy, where it has implemented a number of innovative projects. These range from optimised corporate action processing, improved tax refund claim management and a new suite for performance and risk measurement and performance attribution, to tailor-made solutions and support for clients faced with regulatory requirements, such as EMIR and AIFMD. The numerous mandates won by SGSS, in particular from local banks and pension funds, underline its ability to match its competitive and comprehensive offering to the specific requirements of its clients.
SGSS also received the award for “Sub-Custodian of the Year, Eastern Europe”. The business has seen a substantial increase in assets under custody in Central and Eastern Europe, both in the 8 countries where it is locally present (Bulgaria, Croatia, Czech Republic, Poland, Romania, Russia, Serbia, Slovenia), as well as through its sub-custody network. International clients and key local players benefit from SGSS’ considerable experience in the region and can rely on SGSS’ local expertise to accompany them through significant industry changes, such as the implementation of Russia’s CSD, omnibus trading in Romania and the region-wide implementation of AIFMD.
Clients also appreciate the advantages of direct market access through SGSS’ Global Fund Trading platform, with recently added Russian funds, and improved automation processes for back-office operations in many countries throughout the region.
These awards, determined by an independent jury of market experts, further underline SGSS’ continued commitment to providing consistent, sophisticated and first-class securities services to clients and to accompanying them through today’s complex regulatory environment.
*Custody Risk magazine is a leading international publication covering clearing, securities lending and fund administration, providing news, analysis and research on the latest industry developments.