Societe Generale Securities Services (SGSS) has been selected by publicly-owned French bank SFIL, and its public sector financing institution CAFFIL, to provide global custody for public sector assets in Europe.
SGSS will provide custody services including record keeping for assets in various jurisdictions.
For SFIL, the appointment adds to its existing mandate with SGSS for valuation services, which has been in place since SFIL was founded in 2013.
According to SGSS, the mandate was based on its ability to provide a complete, integrated global custody offering in France and Italy, as well as its expertise in the Italian market and its responsiveness and efficient monitoring services for operations and transactions.
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