SGSS mandated by Inarcassa to provide custody and trustee services for the five-year period 2018-2022
Societe Generale Securities Services in Italy (SGSS S.p.A.) has been selected again as the provider of the custody and trustee services by Inarcassa, Italy’s National Social Assistance Fund for Self-Employed Engineers and Architects, after the conclusion of the European-level tender procedure.
SGSS S.p.A. thus consolidates its leading position in the social security system in Italy, where it accompanies social insurance companies and pension funds.
Frédéric Barroyer, Chief Executive Officer of SGSS S.p.A., commented:
"We are very proud to have been picked for the second time in a row, thanks to the recognized quality of our services and the experience of our team of dedicated professionals. SGSS S.p.A. thus confirms its commitment in accompanying Inarcassa and its clients in an ever-changing regulatory environment."
SGSS S.p.A., Societe Generale’s Italian subsidiary, provides post-trade services to institutional investors such as custody and settlement, depositary bank services, fund administration services, risk & performance management, liquidity management and transfer agent services.
Established initially in 1958 as a national public body, Inarcassa is, since 1995, a private organization that provides social assistance to self-employed engineers and architects. In 2017, Inarcassa had over 9 billion euros of assets under management and around 168,000 fund subscribers, among whom 35% are under 40 and 28,000 are retirees.