03 August 2017
Reporter: Jenna Lomax

Private equity and real estate attracting increased interest, says Davey

Asset allocations in private equity and real estate increased in early 2017, according to Matt Davey, head of business solutions at Societe Generale Securities Services (SGSS), as the French bank ramped up its discussions with asset managers facing increasing pressure to find value in their servicing partnerships.

Davey said he had seen a “big increase in private equity and real estate investments”, particularly in Q1 2017.

State Street’s Global Exchange Private Equity Index, which tracks more than $2.5 trillion of private equity investments, showed that investment is on the rise.

The bank reported a 3.95 percent increase going into 2017, its highest quarterly return in two years.

High-net-worth investor intelligence provider Tiger 21, meanwhile, noted investment into private equity increasing to 21 percent in its Q2 2017 asset allocation report.

Elsewhere, Tiger 21 found that real estate investment hit a record high in the last quarter, totalling 33 percent of its members’ assets. At the same time, hedge fund allocation decreased 4 percent from Q2 2016.

Davey went on to discuss how SGSS is working with asset managers to add value to their operations behind the scenes.

He said: “We’re focusing on the product set and on understanding what value we can add to asset managers.”

For example, the French bank’s trade execution service reduces cost for asset managers and achieves “the best execution in compliance with MiFiD II”.

The full interview with Matt Davey will be available to read in the next issue of Asset Servicing Times, published on 9 August.

More news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
BNY Mellon sees asset servicing fees growth
18 January 2018 | New York | Reporter: Zsuzsa Szabo
BNY Mellon’s asset servicing fees increased 6 percent year-over-year
AxiomSL hires new EMEA head
18 January 2018 | London | Reporter: Jenna Lomax
Ward will be responsible for developing strategic global relationships
MetLife selects HSBC for custody services
18 January 2018 | Hong Kong | Reporter: Becky Butcher
HSBC Securities Services has been selected as custodian for MetLife across three key markets in Asia
Societe Generale Securities Services and OFI Asset Management have executed the first transactions via the IZNES platform on the Paris market
BBH to provide fund services for DSBI
17 January 2018 | Hong Kong | Reporter: Jenna Lomax
Brown Brothers Harriman & Co will provide custody and fund administration services to Daiwa SB Investments’ (DSBI) first Hong-Kong domiciled fund, the Japan high dividend stocks fund
Standard Chartered hires Lisa Robins
17 January 2018 | Singapore | Reporter: Becky Butcher
Standard Chartered Bank has named Lisa Robins as the new global head of transaction banking, effective 19 February
Murex’s MX.3 goes live at Nationwide
17 January 2018 | London | Reporter: Jenna Lomax
Murex's MX.3 front-to-back risk platform has gone live for Nationwide Building Society's treasury business
More news