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SGSS appointed by CDC Entreprises to provide trustee services

SGSS won the bid consultation process launched by CDC Entreprises to provide trustee services for 8 venture capital funds totalling more than EUR 3 billion.

Societe Generale Securities Services (SGSS) won the bid consultation process launched by CDC Entreprises to provide trustee services for 8 venture capital funds totalling more than EUR 3 billion.

CDC Entreprises, a management company accredited by the AMF (French securities regulator) and a wholly owned subsidiary of the CDC Group (Caisse des Dépôts et Consignation), mandated SGSS based on its trustee expertise, the quality of its broad portfolio of back-office services, as well as its ability to migrate funds rapidly and efficiently. More than 300 non listed shares were successfully migrated in less than a month.