SGSS mandated to provide asset servicing for Allianz
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SGSS mandated to provide asset servicing for Allianz 24 January 2011Paris Reporter: Justin Lawson
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Societe Generale Securities Services (SGSS) has been mandated to provide a range of services to Allianz Global Investors Investments Europe (AllianzGI IE) in France and Italy. AllianzGI IE, Allianz Global Investors’ European investment platform, offers tailor-made investment solutions to institutional and retail clients across Europe.
In France, AllianzGI IE has renewed its existing mandate with SGSS for depositary bank services provided since 2003.
In Italy, AllianzGI IE will rely on SGSS to provide depositary bank fund administration and transfer agency services for its full range of funds. This mandate, which is subject to regulatory approval, concerns over 60 funds and 9 billion euros of assets.
SGSS has been selected, in particular, for its managerial capabilities within the framework of its pan-European platform, which are necessary to serve the needs of investment managers with pan-European reach, such as AllianzGI IE.
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