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21/01/2010

SGSS in Germany rated 'Excellent' for its insourcing services by Telos

Société Générale Securities Services (SGSS Deutschland KAG) in Germany has been rated as 'Excellent' for its insourcing services, the first company to receive this rating from an independent rating agency.

Société Générale Securities Services (SGSS Deutschland KAG) in Germany has been rated as 'Excellent' for its insourcing services, the first company to receive this rating from an independent rating agency.

Telos* regards the new Insourcing-Rating as a logical development in qualitative Fund Administration-Ratings. Insourcing services have grown significantly in response to increasing challenges faced by investment companies and asset managers.

The Telos Rating covers four categories: Management, Customer, Production/Services and Infrastructure. SGSS Deutschland KAG managed to win the overall grade 1 ('Excellent') rating.

This excellent rating for insourcing further strengthens SGSS Deutschland KAG's position as one the best fund administrators in Germany.

SGSS Deutschland KAG is committed to maintaining its performance quality and developing the services it offers, in line with this rating.

SGSS Deutschland KAG currently administers more pension funds for DAX30-Companies than any other German investment company.

* The TELOS Rating is concerned with all relevant areas and aspects of a company that offers administration and/or outsourcing services to institutional investors.