Societe Generale Securities Services is to utilise Transtrend’s Luxembourg fund range for depositary and custody services under the Alternative Investment Fund Managers Directive.
Transtrend was set up in 1987 and specialises in active investment management through the development and application of systematic trading strategies.
According to SGSS, the acquisition will be further increasing its Dutch client base.
Another key reason for the acquisition, SGSS explained, was because of the unrivalled capital protection and the proven wider relationship between the two firms over the years.
Irma Geluk, head of investment funds at Transtrend said: “After a thorough selection process, we have selected SGSS as depositary of our Luxembourg fund.”
She added: “SGSS has the expertise and capital position to offer depositary and custody services tailored to the needs and requirements of our fund and its investors.”
