Societe Generale Securities Services (SGSS) is to launch trustee and depositary services in the UK to support Ucits and alternative investment funds.
Following regulatory approval, SGSS will offer full custody, depositary and fund administration services for UK funds.
The move is the latest in the French custodian bank’s recent business development. In July, SGSS also launched an Irish Ucits platform designed to support asset managers that want to market Ucits funds in Europe.
The products and services currently available from SGSS in the UK include a range of integrated client solutions aimed at brokers, banks and financial institutions. It also offers wealth and investment management outsourcing solutions for fund managers.
SGSS is headed by Bertrand Blanchard in the UK.
In Italy, the custodian bank recently appointed Frédéric Barroyer as chief executive officer and country head, reporting to Bruno Prigent, global head of SGSS. Barroyer had been deputy head of the Italian business.
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