Societe Generale Securities Services (SGSS) is to assist Financière Arbevel, a French asset management company, in transforming funds as part of the FROG initiative.
The FROG group, created by the French regulator (Autorité des Marchés Financiers) and the French Asset Management Association, aims to provide French and foreign asset management firms that have chosen to domicile their investment funds in France with the best possible conditions for international growth.
Financière Arbevel plans to benefit from the new initiative launched by the Paris financial centre to grow its international distribution capacity.
With support from Societe Generale Securities Services (SGSS), which recently won the mandate, Financière Arbevel has recently converted eight of its common funds into a French Sociétés d'Investissement à Capital Variable (also known as SICAV).
As a SICAV, Financière Arbevel funds will benefit from a solid framework to protect investor interests through a dedicated governance charter, according to SGSS.
Societe Generale provides assistance for Financière Arbevel in securities lending, depositary, accounting and valuation administration, registrar, administration and monitoring of statutory ratios.
SGSS also assists firms in foreign exchange and the clearing of products impacted by the The European Market Infrastructure Regulation.
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