Societe Generale Securities Services gets pension fund mandates in Serbia
Societe Generale Securities Services (SGSS) in Serbia has been mandated by four major Serbian pension funds to act as their custodian and depositary bank.
The new mandates are from Delta Generali Basic, Delta Generali Index, DDOR Garant Štednja and DDOR Garant Ekvilibrio.
The pension funds will benefit from custody and depositary bank services for fund monitoring and trustee services, ensuring that they are fully compliant with the controls and reporting required by the Serbian regulatory authorities, the company said.
SGSS provides European pension funds with a comprehensive service based on asset protection, performance and reporting and extended its global offer to Serbia in 2008 by teaming up with Societe Generale Srbija (SGS), Societe Generale’s subsidiary in the country.
“These four mandates clearly position SGSS as a leader in the pension funds market in Serbia and show our commitment to the Serbian market,” comments Pascal Jacquemin, deputy head of the International Department at SGSS.
“They are a further step in SGSS’ strategy to become a major securities services player in Central and Eastern Europe, a region which is undergoing rapid growth, where it is already one of the leading market providers for pension funds,” he added.
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