SGSS mandated by Swisscanto Asset Management International SA for cross-border fund distribution
Societe Generale Securities Services (SGSS) has been mandated by Swisscanto Asset Management International SA to provide cross-border support services for fund distribution in five European countries.
Swisscanto Asset Management International SA will benefit from the support of SGSS’s distribution network of local representative agents and its central services hub in Luxembourg to distribute its funds in France, Italy, Spain, the Netherlands and the U.K.
Swisscanto Asset Management International SA is a wholly-owned subsidiary of Swisscanto Holding Ltd, one of the largest fund provider in Switzerland. Part of the Zurcher Kantonalbank group, Swisscanto Asset Management International SA offers customers investment and pension solutions leveraging on Swiss know-how.
SGSS will help the client manage the administrative and legal process for registering the funds in each country where it will be distributed and provide investor inquiry monitoring and local market intelligence.
SGSS will also be responsible for coordinating the various local representative agents and provide a consolidated overview of fund activity to facilitate distribution of Swisscanto Asset Management International SA’s four funds and 26 sub funds in the five European countries. Swisscanto Asset Management International SA is currently considering expanding into countries such as Austria, Monaco and Singapore.
“Swisscanto’s decision shows the commitment of our teams in Luxembourg to provide the best service to asset managers and how SGSS leverages on one of the wider network to allow fund distribution all over Europe and beyond,” says Régis Veillet, Head of Business Development - Cross Border Fund Solution at Societe Generale Securities Services in Luxembourg.
A leading provider of securities services in Europe, SGSS offers a comprehensive range of services to a client base of asset managers, financial institutions and institutional investors, providing clearing and custody, trustee, asset servicing and fund administration services, as well as securities lending and borrowing, fund distribution and issuer services.