SGSS helps equity broker move house 03 September 2013Paris Reporter: Georgina Lavers
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Societe Generale Securities Services (SGSS) has completed the transfer of global back-office related activities from Cheuvreux to Kepler Cheuvreux.
This transfer was launched following SGSS’ mandate win from Kepler Capital Markets in November 2012, as part of the latter’s acquisition of Crédit Agricole Cheuvreux.
SGSS was retained to provide a complete customised clearing and settlement solution capable of handling high volumes of transactions for the whole of Kepler Cheuvreux’s equity business worldwide. The transfer process involved integrating both the institutional and retail activities, which were migrated in six months.
Under the terms of the mandate, SGSS provides clearing and settlement services in 29 markets worldwide.
Kepler Capital Markets is a European financial services company specialised in advisory services and intermediation to the investment management industry.
Founded in Paris in July 1997 as the equity brokerage business of Bank Julius Baer, the Swiss private bank, Kepler Capital Markets has since diversified its activities. The company is now centred on four specialist activities: equities, debt & credit, investment solutions and corporate finance.
Headquartered in Paris, the group employs around 500 staff. The company is also present in Amsterdam, Boston, Frankfurt, Geneva, London, Madrid, Milan, New York, San Francisco, Stockholm, Vienna and Zurich.
In May 2013, Kepler Capital Markets announced the closing of its agreement with Crédit Agricole Cheuvreux to buy the whole of its activity in order to create Kepler Cheuvreux and become one of the principal equity brokers in Europe.
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