Fineco selects SGSS for fund admin and transfer agency services
Latest news
Fineco selects SGSS for fund admin and transfer agency services 14 February 2019Rome Reporter: Jenna Lomax
Image: Shutterstock
Societe Generale Securities Services (SGSS) has been chosen by Fineco Asset Management to act as its local transfer agent in Italy for its foreign funds.
SGSS will also provide Fineco Asset Management with depositary and trustee services, fund administration and transfer agency in Luxembourg.
Fineco Asset Management selected SGSS as its unique local transfer agent for its Luxembourg UCITS funds, known as CoreSeries.
For its CoreSeries funds in Luxembourg, Fineco AM will utilise SGSS’s capabilities for €6 billion of assets under management.
Fineco Asset Management has also selected SGSS for its Irish UCITS funds, named Fam Series UCITS ICAV, as well as FAM Evolution SICAV.
Fabio Melisso, CEO of Fineco Asset Management, said: "We are delighted to have established a new partnership with SGSS for these new UCITS funds, thus taking advantage of a strategic and long-standing relationship with the Fineco Group.”
He added: “In this perspective, we decided to benefit from SGSS international expertise in supporting fund distribution for all our products.”
Gabriele Pollastri, senior banker at SGSS, commented: “Over the years we built a stable and consolidated relationship with the Fineco Group and we are now proud to support Fineco Asset Management in the development of their fund business, providing a complete and personalised service”.
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: Shutterstock 