Societe Generale completes transfer from Cheuvreux for Kepler Cheuvreux
Societe Generale Securities Services (SGSS) has completed the transfer of global back-office related activities from Cheuvreux for Kepler Cheuvreux.
The 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.
The transfer process involved integrating both the institutional and retail activities, which were migrated in six months, SGG said.
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.
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.
In May 2013, Kepler Capital Markets announced the closing of its agreement with CA Cheuvreux to buy the whole of its activity in order to create Kepler Cheuvreux and become one of the principal equity brokers in Europe.