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 Mutual Fund Exchange AB for their brokerage, custody and trailer fee management services.
Societe Generale Securities Services in Germany and MFEX Mutual Fund Exchange support the European Bank for Financial Services (ebase) in the areas of brokerage, custody and trailer fee management. SGSS Germany, based in Frankfurt, and its partner MFEX provide services relating to trading, custody services and rebate collection for ebase. Under the mandate, MFEX and SGSS will provide services for several thousand funds and will process hundreds of thousands of fund trades each year.
Kai Friedrich, spokesman for the ebase management board, comments on the agreement: "We at ebase, and indeed the FNZ Group as a whole, are continuously working on further developing our offering for partners and clients, so that, in Germany too, we may become the leading source of digital B2B investment solutions for financial service providers and their clients. We are pleased to have entered into a partnership with Societe Generale Securities Services and MFEX Mutual Funds Exchange, top performing companies with whom we can continue to grow in the coming years."
Christian Wutz, Head of Coverage, Marketing and Solutions at SGSS in Germany, adds: "We are pleased to have ebase as part of our global clients base. This new mandate is a significant step for SGSS on the German market, as it reinforces our role as global custodian in Germany. Our innovative and comprehensive range of services will be a key asset for ebase to support its ambitions for profitable growth. Our approach with MFEX is in line with SGSS's platform strategy to integrate the services of various providers to offer our clients best of class modular solutions and products."
Steffen Ahlers, CEO and Managing Director MFEX Asia, is pleased: "This is a promising start to a long and successful partnership with strong growth potential in Germany and beyond. We will support ebase with our B2B solutions which will lead to synergies in the B2B2C segment. For MFEX, a global fund platform with Swedish origins, partnerships with SGSS and ebase are embedded in MFEX’s growth strategy and it represents a continuous expansion of our product range that we offer in existing and new markets."