SGSS in Italy and in Luxembourg wins three new mandates from Fineco Asset Management
Societe Generale Securities Services (SGSS) has been mandated by Fineco Asset Management to act as its local Transfer Agent in Italy for its foreign funds and to provide depositary & trustee services, fund administration and transfer agency in Luxembourg
Fineco Asset Management selected SGSS as its unique local Transfer Agent for its Luxembourg UCITS funds labeled “CoreSeries” and for its Irish UCITS funds “Fam Series UCITS ICAV” and “FAM EVOLUTION SICAV”.
For its “CoreSeries” funds in Luxembourg, Fineco AM will rely on SGSS who will provide depositary and trustee services, fund administration and transfer agency for an amount of EUR 6 billion of assets under management. Thanks to the signing of this important deal, SGSS strengthens its position as key player in its reference market, confirming its capability to meet the specific needs of Fineco AM in distributing funds in Italy.
"We are delighted to have established a new partnership with SGSS for these new UCITS funds, thus taking advantage of a strategic and long-standing relationship with the Fineco Group. In this perspective, we decided to benefit from SGSS international expertise in supporting fund distribution for all our products ", stated Fabio Melisso, CEO of Fineco Asset Management.
Gabriele Pollastri, Senior Banker of SGSS commented: “Over the years we built a stable and consolidated relationship with the Fineco Group and we are now proud to support Fineco Asset Management in the development of their fund business, providing a complete and personalized service”.
Societe Generale Luxembourg: Sandrine Brel +35 247 9311 5204 - firstname.lastname@example.org
Fineco: Media relations +39 02 2887 2256 - email@example.com
Societe Generale Securities Services
Present in 26 locations worldwide, with 4000 employees, SGSS provides financial institutions and brokers, asset managers and insurers, and businesses with a full range of securities services adapted to the latest financial market and regulatory trends: clearing services, custody and trustee services, retail custody services, liquidity management, fund administration and asset servicing, fund distribution and global issuer services.
SGSS is among the top 10 global custodians and the second largest European custodian, with EUR 4,011* billion of assets under custody. SGSS provides custody and trustee services for 3,538* funds and the valuation of 4,153* funds, representing assets under administration of EUR 609* billion. SGSS also ranks among the European leaders in stock option management.
For more information, you can follow us on twitter @SG_SS or visit our website securities-services.societegenerale.com
*Figures at the of December 2018
Fineco Asset Management
Fineco Asset Management (FAM), Irish collective asset management company wholly owned by FinecoBank, was founded in May 2018. It manages funds and funds of funds, also through strategic partnerships with the best international managers on the market, approaching over EUR 10 billion of assets in less than a year of activity.