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SGSS mandated by LBO France Gestion to provide depositary bank services

SGSS has won the consultation process launched by LBO France Gestion to provide depositary bank services for 54 French-domiciled venture capital funds.

Societe Generale Securities Services (SGSS) has won the consultation process launched by LBO France Gestion to provide depositary bank services for 54 French-domiciled venture capital funds (FCPR), representing a total of 3 billion euros of funds committed.

LBO France Gestion mandated SGSS for its experience as a depositary bank, the quality of its complete range of back office services and for its capacity to manage the migration of funds efficiently and rapidly. Over 100 non-listed stocks, representing more than 600 positions, were thus migrated in one month.

LBO France is an asset management company authorized by the AMF (French regulatory authority) which manages, on non-listed and real estate markets, various 'FCPR' reserved for qualified investors.