Societe Generale Securities Services in Italy mandated by Inarcassa to provide Custody and Trustee Services
Societe Generale Securities Services (SGSS) in Italy has been selected as provider of Custody and Trustee services by Inarcassa (Italy’s National Social Assistance Fund for Self-Employed Engineers and Architects) for the five-year period 2022-2027.
Inarcassa, one of the main Italian private organisation providing social assistance with 13 billion euros of assets under management*, selected SGSS in Italy to provide custody and trustee services after the conclusion of the European-level tender procedure.
Lucrezia Brucoli, Head of Coverage of SGSS in Italy, commented:
We are very proud to receive this mandate from Inarcassa, a key player of the Italian social security system. It is a strong and clear testimony of trust that this important entity wanted to express once again towards Societe Generale Securities Services and which rewards our decades-long presence supporting the local pension segment. For our part, we confirm our constant commitment in providing an effective and attentive service to the highly professional and diversified management of the institution's assets, in the interest of its members. Inarcassa will therefore be able to continue to benefit from the solidity of Societe Generale group and from our continuous attention to developments in technology and safety.
SGSS in Italy, the Italian subsidiary of Societe Generale, is a key player in the securities services industry. It provides post-trade services to institutional investors among which custody and settlement, depositary and fund administration services, middle office, liquidity management, transfer agent and risk & performance management.
*Figures at end of 2022