SGSS wins four pension fund mandates in Serbia
SGSS in Serbia has been mandated by four major Serbian pension funds to act as their custodian and depositary bank. These new and significant mandates, from Delta Generali Basic, Delta Generali Index, DDOR Garant Štednja and DDOR Garant Ekvilibrio, position SGSS as the leading services provider for pension funds in Serbia.
SGSS in Serbia won these mandates thanks to its proven capacity to provide clients with innovative solutions to meet their specific operational needs in a constantly evolving regulatory environment. The pension funds will benefit from custody and depositary bank services for fund monitoring and trustee services, ensuring that they are fully compliant with the controls and reporting required by the Serbian regulatory authorities.
SGSS provides European pension funds with a comprehensive service based on asset protection, performance and reporting and extended its global offer to Serbia in 2008 by teaming up with Societe Generale Srbija (SGS), Societe Generale’s subsidiary in the country. With over 37 years experience, SGS ranks among the leading banking institutions in Serbia, providing financial services to corporations, financial institutions and the government. From offices located in Belgrade, SGSS now offers domestic and international clients in Serbia a competitive and broad range of securities services, including settlement, custody and trustee (full depositary) services and fund administration services.
“These four mandates clearly position SGSS as a leader in the pension funds market in Serbia and show our commitment to the Serbian market,” comments Pascal Jacquemin, Deputy Head of the International Department at SGSS. “They are a further step in SGSS’ strategy to become a major securities services player in Central and Eastern Europe, a region which is undergoing rapid growth, where it is already one of the leading market providers for pension funds”.