Societe Generale Securities Services in Italy appointed custodian by Banca di Credito Popolare
Societe Generale Securities Services (SGSS) has been selected by Banca di Credito Popolare as custodian to provide Custody and Settlement services
Banca di Credito Popolare appointed SGSS in Italy as custodian bank to provide post trading services related to custody and settlement for its Italian and foreign securities. BCP will thus benefit from SGSS proven professionalism, specialization and for a complete and reliable support.
“We’ve known SGSS for several years as Paying Agent for the distribution of our foreign funds. We are therefore delighted to start this new relationship, aware of the reputation and the high-level quality provided to its clients, with a service tailored to our specific needs”, said Antonio D’Elia, CFO, Banca di Credito Popolare.
“We express mutual satisfaction to start this collaboration and we are pleased to support Banca di Credito Popolare in its growth in an increasingly challenging financial market”, commented Lucrezia Brucoli, Head of Coverage, SGSS Italy.
Societe Generale is one of the largest European financial services groups. Based on a diversified and integrated banking model, the Group combines financial solidity with a strategy of sustainable growth, and aims to be the reference for relationship banking, recognised on its markets, close to clients, chosen for the quality and commitment of its teams.
Societe Generale has been playing a vital role in the economy for 150 years. With more than 147,000 employees, based in 67 countries, we serve on a daily basis 31 million clients throughout the world. Societe Generale’s teams offer advice and services to individual, corporate and institutional customers in three core businesses:
- Retail banking in France with the Societe Generale branch network, Credit du Nord and Boursorama, offering a comprehensive range of multi-channel financial services at the leading edge of digital innovation;
- International retail banking, insurance and financial services to corporates with a presence in developing economies and leading specialised businesses;
- Corporate and investment banking, private banking, asset management and securities services, with recognised expertise, top international rankings and integrated solutions.
Societe Generale is currently included in the main sustainability indices: DJSI (World and Europe), FSTE4Good (World and Europe), Euronext Vigeo (World, Europe and Eurozone), Ethibel Sustainability Index (ESI) Excellence Europe, 4 of the STOXX ESG Leaders Indices, MSCI Low Carbon Leaders Index.
For more information, you can follow us on twitter @societegenerale or visit our website www.societegenerale.com
Societe Generale Securities Services
Present in 27 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 4,083* billion of assets under custody. SGSS provides custody and trustee services for 3,460* funds and the valuation of 4,151* funds, representing assets under administration of EUR 629* 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 http://www.securities-services.societegenerale.com
*Figures at the end of March 2019
Banca di Credito Popolare
With a widespread presence in Campania, Banca di Credito Popolare, with over 130 years of activity, has always been considered a reference point for the territory in which it operates.
In harmony with the principles of popular credit, our mission is the economic and social growth of our settlement area, supporting an active and propulsive role of local entrepreneurship in every sector.
Solidity, efficiency and capacity for innovation, make BCP a creator of value representing today - by size - the main territorial bank that maintains the decision-making center in the region with presences in the whole Campania (with 63 branches) and in the low Lazio (with 2 branches).
Today, the only independent bank in the Campania region, thanks to this position and the consequent closeness and knowledge of the territorial reality, realizes the ideal of "investing where it is collected".
For more information www.bcp.it