Italian Social Assistance Fund selects SGSS 31 July 2018London Reporter: Maddie Saghir
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Italian Social Assistance Fund for Chartered Accountants has mandated Societe Generale Securities Services (SGSS) in Italy to provide depository bank services until 2020.
The mandate will allow The National Social Assistance Fund for Chartered Accountants (CNPADC) to benefit from SGSS’s complete range of post-trading services to support its business.
According to SGSS, this will be done with the aim of ensuring controls and transparency towards its members in a constantly evolving regulatory environment.
Frédéric Barroyer, CEO of SGSS Italy, commented: “The renewal of this mandate for a further three years consolidates our position as a key player in the pension funds and securities services industries in Italy, with over €756 billion assets in custody.”
He added: “We are very proud of the result; this demonstrates SGSS’s constant commitment in providing innovative solutions that meet the growing needs of our clients and the markets.”
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