SocGen grabs third and fourth TA mandates 24 September 2012Paris Reporter: Georgina Lavers
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Societe Generale has bagged two more mandates in a push of its transfer agency services.
Its securities services division in Italy (SGSS S.p.A.) has been appointed by Aberdeen Asset Management to act as its local transfer agent for the Aberdeen Global and Aberdeen Global II funds, the asset manager’s cross-border fund ranges, which represent over €38 billion in assets under management.
SGSS will be providing these funds with paying agent and investor relations management services with reference to investors located in Italy.
SGSS S.p.A. also signed two more transfer agency agreements in September, with AllianceBernstein SICAV and AllianceBernstein FCP, and Mantex Sicav, a Luxembourg-registered open-ended collective investment fund.
In Luxembourg, SGSS has been mandated by BankMuscat (SAOG), the flagship financial services provider in Oman, to provide its asset management division with fund administration, registrar & transfer agency, domiciliary and custody services.
Following a thorough review of service providers in Luxembourg, BankMuscat Asset Management selected SGSS for its ability to provide a complete solution from fund set-up through to essential services for fund operations.
BankMuscat is the largest bank in Oman, with a local market share of 40 per cent. Its asset management division brought the concept of mutual funds to Oman and the concept of index investing to the GCC. It manages assets of over $800 million across equity and fixed income strategies, primarily in the GCC countries.
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