Societe Generale win new mandate 06 January 2011Paris Reporter: Steven Lafferty
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Societe Generale Securities Services has been mandated by Fondo Italiano di Investimento per le Piccole e Medie Imprese in Italy to provide depositary bank services.
Fondo Italiano di Investimento per le Piccole e Medie Imprese is an institutional private equity fund with a target to raise a total of 3 billion euros.
The creation of this fund is the result of a common project between the Italian Ministry of Economics and Finance (« MEF »), the Italian Banking Association (« ABI »), the General Confederation of Italian Industries (« Confindustria »), the Italian Deposit and Consignment Office (« CDP »), Intesa SanPaolo S.p.A. (“Intesa”), Unicredit S.p.A. (“Unicredit”) and Monte dei Paschi di Siena S.p.A. (“MPS”).
Its main objective is to provide financial support for the development of small and medium-sized companies in Italy.
In particular, SGSS has been selected for its ability to provide a full range of back- office services.
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