SGSS completes the transfer of volumes from Cheuvreux for Kepler Cheuvreux
SGSS has completed the transfer of global back-office related activities from Cheuvreux for Kepler Cheuvreux.
Societe Generale Securities Services (SGSS) has completed the transfer of global back-office related activities from Cheuvreux for Kepler Cheuvreux.
This transfer was launched following SGSS’ mandate win from Kepler Capital Markets in November 2012, as part of the latter’s acquisition of Crédit Agricole Cheuvreux. SGSS was retained to provide a complete customised clearing and settlement solution capable of handling high volumes of transactions for the whole of Kepler Cheuvreux’s equity business worldwide. The transfer process involved integrating both the institutional and retail activities, which were migrated in six months.
Under the terms of the mandate, SGSS provides clearing and settlement services in 29 markets worldwide. SGSS was selected for the breadth of its back-office offer, its local presence and expertise, notably in European markets, as well as for its ability to provide customised monitoring of operations. These capabilities allow Kepler Cheuvreux to concentrate on its core business and to fully optimise its liquidity needs and operational costs.
Kepler Capital Markets is one of the leading European financial services companies specialized in advisory services and intermediation to the investment management industry. Founded in Paris in July 1997 as the equity brokerage business of Bank Julius Baer, the Swiss private bank, Kepler Capital Markets has since diversified its activities. The company is now centred on four specialist activities: equities, debt & credit, investment solutions and corporate finance. Headquartered in Paris, the group employs around 500 staff. This multi-local company is also present in Amsterdam, Boston, Frankfurt, Geneva, London, Madrid, Milan, New York, San Francisco, Stockholm, Vienna and Zurich.
In May 2013, Kepler Capital Markets announced the closing of its agreement with CA Cheuvreux to buy the whole of its activity in order to create Kepler Cheuvreux and become one of the principal equity brokers in Europe.