Russian sub-custody win for SGSS 15 June 2016Moscow Reporter: Stephanie Palmer
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Societe Generale Securities Services (SGSS) has been selected by Credit Suisse to act as its sub-custody bank in Russia.
SGSS will provide asset safekeeping, trade processing and settlement, corporate actions processing, income collections, proxy voting services and local tax reporting for Credit Suisse, which is headquartered in Zurich.
According to SGSS, the mandate was based on the breadth of its clearing and custody capabilities in Russia and a 20-year track record of working with Russian financial institutions and institutional investors.
The Credit Suisse mandate is the latest win for SGSS in what has been a busy month so far, with global investment and advisory firm Bedrock now receiving cross-border fund distribution services from the bank in Luxembourg, and the Nautilus Managed Account Platform getting trustee services for its management company in South Africa.
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