!css

SGSS and OFI Asset Management execute the first transactions via blockchain on the Paris market

Keep up with our latest news.

Press releases & mandate news

SGSS and the asset management firm OFI Asset Management (OFI AM) have announced the first transactions (proof of concept) via the IZNES platform, based on the blockchain developed by startup SETL.

Several investor orders for the subscription and redemption of units in the fund managed by OFI AM, for which SGSS is the depositary, were executed on the IZNES platform using the SETL blockchain. Those orders were then registered by SGSS with the central depository ESES – Euroclear France.

The conclusive results of the trial illustrate the efficient integration of new technologies within the securities services business unit. Adaptation to new  technologies is a major challenge for the industry and is at the heart of the digital strategies adopted by OFI AM and SGSS. These results also demonstrate the capacity of SGSS to support its clients with emerging changes, which will
create a more direct relationship between asset managers and investors.

Distributed ledger technology will improve identification of holders and reduce the associated operational workload as well as the workload resulting from the application of deadlines for placing orders.

“We are delighted with the constructive collaboration we have had with the teams at Societe Generale Securities Services, as Depositary of UCI units, leading to the success of these transactions. We believe that SGSS is one of the players best placed to support forthcoming technological changes, particularly via blockchain,” says Patrick Hobin, Operations Director at OFI AM.

“The SGSS teams were the first to execute this type of transaction on the Paris market. We are very proud of having been able to support this initiative, which creates numerous opportunities for our clients,” explains Damien Jamet, Head of Innovation, Motion & Programs at SGSS.

In addition to OFI AM, other management companies are also involved in the IZNES project1, a pan-European platform for buying and selling UCIs, which seeks to promote a closer relationship between management companies and investors.

 

1 For more information about Iznes, visit the website: http://www.iznes.io/
07
Oct
2020
Societe Generale Securities Services (SGSS) Russia ranked #1 in Emerging Europe by Global Custodian
We are very proud to have been awarded Top Performer and winner in Relationship Management and Client Service among all...
Press release
We are very proud to have been awarded Top Performer and winner in Relationship Management and Client Service among all of Europe’s emerging markets providers, during the Global Custodian’s annual Leaders in Custody awards 2020 which were announced on Thursday 24 September 2020.
Societe Generale Securities Services (SGSS) Russia ranked #1 in Emerging Europe by Global Custodian
16
Sep
2020
Societe Generale Securities Services partners with Societe Generale Cameroun
Societe Generale Securities Services (SGSS) extends its securities custody and issuer services offer in Africa with the...
Press release
Societe Generale Securities Services (SGSS) extends its securities custody and issuer services offer in Africa with the support of Societe Generale Cameroun, the Group’s subsidiary.
Societe Generale Securities Services partners with Societe Generale Cameroun
03
Sep
2020
Societe Generale Securities Services mandated by Sunny Asset Management for its front-to-back outsourcing solution "CrossWise"
The French asset management firm Sunny AM has chosen SGSS’ CrossWise offer for the outsourcing of its middle office and...
Press release
The French asset management firm Sunny AM has chosen SGSS’ CrossWise offer for the outsourcing of its middle office and for the provision of the front office portfolio management system SimCorp Dimension, thanks to the exclusive partnership between SGSS and SimCorp.
Societe Generale Securities Services mandated by Sunny Asset Management for its front-to-back outsourcing solution "CrossWise"
27
Jul
2020
EBASE mandates Societe Generale Securities Services in Germany and MFEX
European Bank for Financial Services (ebase) chooses Societe Generale Securities Services (SGSS) in Germany and MFEX...
Press release
European Bank for Financial Services (ebase) chooses Societe Generale Securities Services (SGSS) in Germany and MFEX Mutual Fund Exchange AB for their brokerage, custody and trailer fee management services.
EBASE mandates Societe Generale Securities Services in Germany and MFEX
07
Jul
2020
Societe Generale Securities Services mandated by AtonRâ Partners to provide asset services to their SICAVs
SGSS Luxembourg will provide to AtonRâ SICAV and AtonRâ II SICAV-RAIF a full suite of asset services among which...
Press release
SGSS Luxembourg will provide to AtonRâ SICAV and AtonRâ II SICAV-RAIF a full suite of asset services among which depositary bank and fund administration.
Societe Generale Securities Services mandated by AtonRâ Partners to provide asset services to their SICAVs
03
Jul
2020
Societe Generale Securities Services (SGSS) appoints new Head of Sales in Luxembourg
SGSS is happy to announce the appointment of Bryan Fage as Head of Sales and Client Relationship Management in...
Press release
SGSS is happy to announce the appointment of Bryan Fage as Head of Sales and Client Relationship Management in Luxembourg.
Societe Generale Securities Services (SGSS) appoints new Head of Sales in Luxembourg
25
Jun
2020
Societe Generale Securities Services mandated by IRCEC (French Pension Fund for Artists and Authors)
L’Institution de Retraite Complémentaire de l’Enseignement et de la Création (IRCEC) renews its trust in Societe...
Press release
L’Institution de Retraite Complémentaire de l’Enseignement et de la Création (IRCEC) renews its trust in Societe Generale Securities Services (SGSS) for its securities services.
Societe Generale Securities Services mandated by IRCEC (French Pension Fund for Artists and Authors)
16
Jun
2020
SGSS awarded best sub-custodian bank 2020 by Global Finance
SGSS was awarded “Best Sub-Custodian of the Year 2020 ” in six different regions and countries by Global Finance
Press release
SGSS was awarded “Best Sub-Custodian of the Year 2020 ” in six different regions and countries by Global Finance
SGSS awarded best sub-custodian bank 2020 by Global Finance
29
Apr
2020
Societe Generale Securities Services strenghtens Client Coverage
Societe Generale Securities Services (SGSS) announces the appointment of Stewart Gladstone as Head of Segment &...
Press release
Societe Generale Securities Services (SGSS) announces the appointment of Stewart Gladstone as Head of Segment & Solutions for Banks and Financial Intermediaries and Steve Gutowski as Director of Sales and Relationship Management for Broker Dealers.
Societe Generale Securities Services strenghtens Client Coverage
16
Mar
2020
Coronavirus crisis
Societe Generale mobilized to ensure the safety of its teams and its clients
Press release
Societe Generale mobilized to ensure the safety of its teams and its clients
Coronavirus crisis
20
Feb
2020
SGSS in France wins new mandate from Swiss Life Asset Managers Luxembourg
The Luxembourg-based management company Swiss Life Asset Managers Luxembourg has mandated Societe Generale Securities...
Press release
The Luxembourg-based management company Swiss Life Asset Managers Luxembourg has mandated Societe Generale Securities Services (SGSS) to take over its Local Representative Agent (LRA) and Local Transfer Agent (LTA) activities.
SGSS in France wins new mandate from Swiss Life Asset Managers Luxembourg
20
Jan
2020
Societe Generale Securities Services appoints new CEO for Italy
Societe Generale Securities Services (SGSS) announces the appointment of Roberto Pecora as Chief Executive Officer and...
Press release
Societe Generale Securities Services (SGSS) announces the appointment of Roberto Pecora as Chief Executive Officer and Country Head of SGSS S.p.A. (SGSS in Italy).
Societe Generale Securities Services appoints new CEO for Italy
03
Dec
2019
Societe Generale Securities Services in Italy selected by Fon.Te. Fund to provide depositary services
Societe Generale Securities Services (SGSS) appointed by Fon.Te. Pension Fund as depositary.
Press release
Societe Generale Securities Services (SGSS) appointed by Fon.Te. Pension Fund as depositary.
Societe Generale Securities Services in Italy selected by Fon.Te. Fund to provide depositary services
13
Nov
2019
SGSS mandated by AlfaStrakhovanie Group to provide depositary and custody services in Russia
The Russian largest private insurance company appoints Societe Generale Securities Services (SGSS) to become its...
Press release
The Russian largest private insurance company appoints Societe Generale Securities Services (SGSS) to become its depositary and custodian for all its assets.
SGSS mandated by AlfaStrakhovanie Group to provide depositary and custody services in Russia
31
Oct
2019
SGSS mandated by Alpha Real Capital LLP to provide custody and depositary services
Societe Generale Securities Services (SGSS) is pleased to announce its appointment by UK based client Alpha Real Capital...
Press release
Societe Generale Securities Services (SGSS) is pleased to announce its appointment by UK based client Alpha Real Capital LLP to provide custody and depositary services.
SGSS mandated by Alpha Real Capital LLP to provide custody and depositary services
[+] More results

Insights

Keep up with our latest expert views !

0