SGSS mandated by Ethias to provide independent valuations
SGSS has been mandated by Ethias, a Belgian insurance company, to provide independent valuation services
Societe Generale Securities Services (SGSS) has been mandated by Ethias, a Belgian insurance company, to provide independent valuation services.
These services cover a portfolio of complex structured products. SGSS was retained because of its expertise in this area, alongside the quality of its services (database of mathematical models developed in-house, flexibility in valuation frequency, analysis of discrepancies with counterparties, etc.) and the competitiveness of its bid.
This additional mandate won by SGSS illustrates the increasing need among investors to obtain a precise valuation by third-party specialists of the complex financial instruments held in their portfolios. It also underlines SGSS' capacity to provide state-of-the-art and adaptable solutions in response to the specific needs of clients.
Ethias ranks as the 4th largest insurer in the Belgian market, all sectors included, with a 10.4% market share as of the end of December 2009.