Ambienta selects SGSS Italy as depositary bank 20 April 2021Italy Reporter: Becky Bellamy
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Societe Generale Securities Services (SGSS) in Italy has been named as depositary bank by Ambienta SGR for its private equity funds.
Ambienta SGR, a European asset manager, focuses on applying environmental sustainability trends to the financial investments world.
The mandate highlights the focus of SGSS and its teams in a key and growing segment of the asset management industry, according to Roberto Pecora, CEO of SGSS in Italy.
Pecora explains: “Supporting Italian and international entities working for a concrete application and enhancement of sustainable finance criteria in their investment strategies is one of the strategic development axes of our asset and securities services activities.”
In January, SGSS in Italy was also chosen by Invimit SGR, a company held by the Ministry of Economy and Finance, to provide depositary bank services for the new Dante real estate fund.
The Dante fund, with its support to the Italian economy, represents a concrete example of the initiatives that Societe Generale group aims to support, Pecora noted at the time of the appointment.
He said: “Our mission is, in fact, to contribute to the sustainable development of the economy and society, through innovation and responsible solutions with a positive impact.”
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