SGSS provides global fund services through a new commercial alliance with U.S. Bancorp Fund Services

Societe Generale Securities Services (SGSS) and U.S. Bancorp Fund Services, LLC (USBFS) announce the launch of their Global Securities Services Alliance ^TM (GSSA). This commercial alliance leverages each organization's geographical and product expertise to provide comprehensive fund services for all U.S. and European domiciled funds with complete securities services and broader global support.

'Our commercial partnership with U.S. Bancorp Fund Services provides investment managers the financial strength of both organizations and allows clients to access industry leading technology, key administration services, and the tools necessary to be successful in the global investing market. Clients benefit from premier transatlantic services that are not necessarily available today through one single organization,' said Alain Closier, global head of Societe Generale Securities Services.

The GSSA commercial alliance between USBFS and SGSS combines both companies' service models to offer global administration, shareholder servicing, distribution support, capital introduction support, product development, securities lending, trustee services, credit facilities, and middle office solutions. Investment managers seeking a single source for servicing global products are able to receive 24-hour global support through the specialized talent and expertise of two top-tier firms through this unique service offering. Each organization brings significant industry tenure and best-in-class reputations within their respective local markets.

'The growing interest for global distribution is quite compelling. We are pleased to offer this innovative commercial alliance with SGSS, one of the leading European investment management services providers. Their European expertise and presence, both in the product offerings and in the countries where they are distributed, will provide our clients with strong regulatory support, distribution services, and global access to investor market trends across Europe,' said Joe Redwine, president of USBFS.