Societe Generale Securities Services (SGSS) mandated by Amundi Ireland as securities services provider for two ICAVs
SGSS Ireland provides a full array of asset servicing solutions in its capacity as Depositary, Fund Administrator and Transfer Agent for two ICAVs managed by Amundi in Ireland:
Amundi Funds Solutions ICAV is used to manage in-house funds that are dedicated to specific distribution strategies of Amundi. There are currently four active sub-funds. Five additional sub-funds are under approval for launch in 2022.
Amundi UCITS Fund Partners ICAV is dedicated to fund hosting where third party investment managers can benefit from Amundi’s licensing and infrastructure, combined with SGSS’ asset servicing capabilities, to launch Irish funds.
SGSS' confirmed local expertise in securities services as well as its ability to operate as asset servicer for third party solutions, have been key factors in Amundi’s decision.
"We are delighted to strengthen our long-term relationship with Amundi. This deal illustrates the importance of the global relationship between SGSS and Amundi, and the ability of the two firms to expand their collaboration to new markets", adds Ian Duffy, Country Manager of SGSS in Ireland.