Societe Generale Securities Services has launched a management company solution to assist asset managers in the European UCITS market.
ManCo is an extension of Societe Generale’s in-house management company solution that has built up a proven track record alongside risk management expertise for UCITS and will now accompany asset managers with their growth strategy within the European economic area (EEA).
ManCo will allow asset managers to set up funds remotely without bearing the associated infrastructure costs or managing the registration process. The entire administrative process required to become UCITS compliant is outsourced to Societe Generale.
The services provided through ManCo are supported by Societe Generale’s range of post-trade services adapted to the latest market and regulatory changes, and will include assistance with reporting for final investors and producing the Key Investor Information Document.
Etienne Deniau, head of business development for asset managers and owners at Societe Generale, said: “European investors tend to invest in locally registered funds for asset and investment protection. However, they are willing to explore new investment options to benefit from the advantages provided by a diversified range of funds, as long as they are secure.”
“The regulated UCITS framework is a guarantee of security, both for European and worldwide investors. By enabling asset managers to launch UCITS to investors, ManCo by Societe Generale will create broader investment and business opportunities for investors and asset managers.”
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