!css

SGSS and NBAD to Expand Securities Services Coverage

Keep up with our latest news, press releases and experts views. 

Find all our corporate tools.

Press releases & mandate news

SGSS and the National Bank of Abu Dhabi (NBAD) have signed a commercial agreement.

Societe Generale Securities Services (SGSS) and the National Bank of Abu Dhabi (NBAD), the number one Bank in the United Arab Emirates (UAE), have signed a commercial agreement which capitalises on their recognized abilities to provide extensive securities services in their respective regions.

The commercial agreement allows SGSS, the world's sixth largest Global Custodian and the second largest in Europe, and NBAD, the first licensed Securities Custodian in the UAE, to expand the geographical coverage of their securities services. Each business will benefit from the other's strengths by leveraging its product expertise in order to provide comprehensive solutions and broader global support to European-based institutions and clients in the Gulf Cooperation Council (GCC) countries.

'NBAD is actively and prudently expanding its services by capitalizing on its strengths and advantages. Following the licensing of NBAD as the first UAE Custodian by Emirates Securities and Commodities Authority, we are now positioned for greater opportunities regionally & globally' said Rüdiger von Wedel, the Senior General Manager of Global Wealth Division of National Bank of Abu Dhabi. 'This agreement expands the coverage and range of services provided to both NBAD and SGSS Clients'.

Alain Closier, Head of SGSS, said 'This new commercial agreement is another  illustration of our development strategy to build on our strong pan-European platform and offer local expertise and resources to foreign players who are increasingly interested in accessing European markets. We can now bring additional value to our clients by offering them direct access to the leading local securities services provider for the GCC countries.

Commenting on the importance of the GCC countries to Societe Generale Eric Wormser, Societe Generale Group Representative for the Gulf Region said: 'This commercial agreement with the number one bank in the United Arab Emirates, is a clear indication of Societe Generale commitment to developing its presence in the region.'

'Using SGSS as a preferred provider will allow us to offer our local clients the range of securities services available from one of Europe's leading Custodians,' said Hany Samir, the Head of NBAD Custody Services 'NBAD is a forward-looking Bank that devotes considerable capital, care and effort to innovating the best-in-class financial products and services for all of our clients here in the UAE and across the GCC.'

Visit NBAD's web site: http://www.nbad.com/

Caption: (L to R) Sebastien Danloy, Global Head of Sales and Relationship Management- SGSS, Rüdiger von Wedel, the Senior General Manager of NBAD's Global Wealth Division, Alain Closier, Global Head of SGSS, and Hany Samir, the Head of NBAD Custody Services.

22 Oct 2018 Societe Generale Securities Services wins Clearstream settlement and custody mandate in Romania
Clearstream Banking S.A., a major International Central Securities Depository (ICSD), appoints Societe Generale...
Local custody
Clearstream Banking S.A., a major International Central Securities Depository (ICSD), appoints Societe Generale Securities Services (SGSS) to become its account operator and custodian for all domestic securities. The new link will also include equities and corporate bonds.
Societe Generale Securities Services wins Clearstream settlement and custody mandate in Romania
17 Oct 2018 Societe Generale Securities Services and the Fintech Addventa have signed an exclusive partnership
Societe Generale Securities Services (SGSS) and Addventa announce a partnership to launch a service for automated...
Analytics & reportings
Societe Generale Securities Services (SGSS) and Addventa announce a partnership to launch a service for automated drafting of portfolio management commentaries based on artificial intelligence solutions.
Societe Generale Securities Services and the Fintech Addventa have signed an exclusive partnership
04 Oct 2018 SGSS wins Transtrend’s Luxembourg mandate
Transtrend, the Dutch asset management firm, specialized in active investment management through systematic trading...
Fund Service Suite
Transtrend, the Dutch asset management firm, specialized in active investment management through systematic trading strategies, chooses SGSS as its depositary and global custodian for its Luxembourg domiciled fund.
SGSS wins Transtrend’s Luxembourg mandate
24 Sep 2018 SGSS launches “D-View”, a fund distribution analytics solution for asset managers
With this tailor-made reporting and analytics solution, Societe Generale Securities Services (SGSS) offers to asset...
Fund Distribution
With this tailor-made reporting and analytics solution, Societe Generale Securities Services (SGSS) offers to asset managers an innovative tool for decision support in the fields of distribution strategy of their funds across domiciles.
SGSS launches “D-View”, a fund distribution analytics solution for asset managers
21 Sep 2018 SGSS mandated by First Private Investment Management KAG mbH for CrossWise solution
Societe Generale Securities Services GmbH (SGSS GmbH) in Germany has been mandated by First Private Investment...
Middle Office Outsourcing
Societe Generale Securities Services GmbH (SGSS GmbH) in Germany has been mandated by First Private Investment Management to provide, via CrossWise, front, middle and back office services, as well as analytics and reporting.
SGSS mandated by First Private Investment Management KAG mbH for CrossWise solution
18 Sep 2018 Start-up Epsor launches a 100% digital employee savings scheme, in partnership with SGSS
Epsor, a fintech specialising in employee savings schemes, today announces the launch of an online offer, in partnership...
Issuer services
Epsor, a fintech specialising in employee savings schemes, today announces the launch of an online offer, in partnership with Societe Generale Securities Services.
Start-up Epsor launches a 100% digital employee savings scheme, in partnership with SGSS
12 Sep 2018 Absa Wealth and Investment Management appoints SGSS for its Wealth International client value proposition
SGSS is pleased to announce that it has been appointed by Absa Wealth and Investment Management (“Absa”) to provide Absa...
Global broker services
SGSS is pleased to announce that it has been appointed by Absa Wealth and Investment Management (“Absa”) to provide Absa with a fully integrated wealth management platform solution, tailored to meet its clients’ global investment needs.
Absa Wealth and Investment Management appoints SGSS for its Wealth International client value proposition
28 Aug 2018 David Abitbol appointed Head of SGSS
30 Jul 2018 Appointments within SGSS
SGSS appoints Mathieu Maurier as Country Head in Luxembourg and Gildas Le Treut as Head of Sales and Relationship...
Appointments
SGSS appoints Mathieu Maurier as Country Head in Luxembourg and Gildas Le Treut as Head of Sales and Relationship Management.
Appointments within SGSS
09 Jul 2018 SGSS mandated by the Italian Social Assistance Fund for Chartered Accountants to provide depositary bank services until 2020
SGSS in Italy (SGSS S.p.A.) has been confirmed by CNPADC, The National Social Assistance Fund for Chartered Accountants,...
Fund Service Suite
SGSS in Italy (SGSS S.p.A.) has been confirmed by CNPADC, The National Social Assistance Fund for Chartered Accountants, to provide depositary bank services for the next 3 years.
SGSS mandated by the Italian Social Assistance Fund for Chartered Accountants to provide depositary bank services until 2020
05 Jul 2018 SGSS Strengthens its Post-Trade Business with Liquidnet
SGSS in the UK has launched its Fixed Income offering - an extension of a new asset class for Liquidnet, an existing...
Global broker services
SGSS in the UK has launched its Fixed Income offering - an extension of a new asset class for Liquidnet, an existing client, which marks a successful migration for the Global Broker Dealer Services (GBDS) franchise. Through this Fixed Income mandate, SGSS will expand its existing equities clearing and settlement agent service.
SGSS Strengthens its Post-Trade Business with Liquidnet
21 Jun 2018 SGSS has won its 1st French client for its CrossWise offer launched in April
UBS La Maison de Gestion, a subsidiary of UBS in France, has chosen, for its collective management, the entire CrossWise...
Middle Office Outsourcing
UBS La Maison de Gestion, a subsidiary of UBS in France, has chosen, for its collective management, the entire CrossWise offer launched by Societe Generale Securities Services (SGSS) on 24 April, 2018.
SGSS has won its 1st French client for its CrossWise offer launched in April
31 May 2018 SGSS helps Financiere Arbevel transform funds as part of “FROG” initiative
A fast-growing independent asset management company, Financiere Arbevel plans to fully benefit from the new dynamic...
Fund Service Suite
A fast-growing independent asset management company, Financiere Arbevel plans to fully benefit from the new dynamic launched by the Paris financial centre to grow its international distribution capacity.
SGSS helps Financiere Arbevel transform funds as part of “FROG” initiative
04 May 2018 SGSS strengthens its partnership with LCH Limited
SGSS, through its affiliate Parel, has agreed a two year extension for the provision of ESES settlement services for...
Global broker services
SGSS, through its affiliate Parel, has agreed a two year extension for the provision of ESES settlement services for LCH Limited’s EquityClear service.
SGSS strengthens its partnership with LCH Limited
24 Apr 2018 SGSS launches CrossWise, a complete “front to back” solution
Societe Generale Securities Services (SGSS) has put together its existing renowned Front, Dealing, Middle and Back...
Middle Office Outsourcing
Societe Generale Securities Services (SGSS) has put together its existing renowned Front, Dealing, Middle and Back office services into one plug-and-play solution that allows clients to focus on their main activities: asset selection, performances and distribution to their clients.
SGSS launches CrossWise, a complete “front to back” solution
05 Apr 2018 SGSS mandated by Swisscanto Asset Management International SA for cross-border fund distribution
Societe Generale Securities Services (SGSS) has been mandated by Swisscanto Asset Management International SA to provide...
Fund Distribution
Societe Generale Securities Services (SGSS) has been mandated by Swisscanto Asset Management International SA to provide cross-border support services for fund distribution in five European countries.
SGSS mandated by Swisscanto Asset Management International SA for cross-border fund distribution
[+] More results

Insights

Keep up with our latest expert views !

0