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SGSS mandated by French IP Valmy insurance company

SGSS has been mandated by the French IP Valmy insurance company to provide custody, depositary and valuation services for the entire range of its funds, currently under management with around ten asset management companies.

This mandate represents more than EUR 800 million in assets under custody.

IP Valmy selected SGSS for its recognised expertise as a custodian and depositary, as well as in the valuation of financial assets, specifically for its capacity to provide standardised data. This mandate illustrates companies’ growing needs for the valuation of financial instruments held in their portfolios for improved transparency and the increase in data required by regulators.

Created in 1995, IP Valmy is subject to French social security code rules. The company manages supplementary funded pension schemes for employees, in addition to the French social security scheme and supplementary retirement schemes provided by AGIRC / ARRCO.