Paris
11 May 2017
Reporter: Mark Dugdale

French pension fund CNAVPL mandates Societe Generale for custody


Caisse Nationale d’Assurance Vieillesse des Professions Libérales (CNAVPL), the French national pension fund for self-employed professionals, has appointed Societe Generale Securities Services to provide custody services for its funds.

Societe Generale secured the mandate following a public tender. CNAVPL represents 10 pension funds and manages the basic pension plans of self-employed professional members.

“This mandate illustrates Societe Generale's capacity to provide a quality institutional offering on a competitive cost basis,” the French bank said in a statement. “With a strong foothold in the sector, this offering meets both the client’s operational needs and requirements in terms of asset safety.”

Societe Generale had €3.98 trillion of assets under custody at the end of March, as well as assets under administration of €627 billion.

More custody 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
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
Dutch custody mandate win for BNP Paribas
06 December 2017 | Amsterdam | Reporter: Stephanie Palmer
BNP Paribas Securities Services has been selected as global custodian for Ahold Pensioenfonds, the €4.5 billion pension fund of Dutch supermarket group Ahold Delhaize
GCF: Custodians should anticipate a shake-up
05 December 2017 | London | Reporter: Becky Butcher
Asset servicing professionals have mixed views on whether the market will see new global custody players appearing over the coming years, it emerged at Global Custody Forum in London
Global custody mandate for BNY Mellon
20 November 2017 | London | Reporter: Stephanie Palmer
BNY Mellon has been selected to provide global custody and other services for the open-ended investment company of First State Investments
RBC I&TS appointed custodian for Aviva Canada
01 November 2017 | Toronto | Reporter: Jenna Lomax
RBC I&TS will provide custody, foreign exchange and securities lending services for Aviva Canada’s corporate treasury assets
Northern Trust sees custody earnings increase
27 October 2017 | Chacago | Reporter: Jenna Lomax
The bank's custody and administration earnings have increased by 13 percent, from $299.4 million in Q3 2016 to $338.1 million in Q3 this year
RBC I&TS picked as custodian for Ireland fund
26 October 2017 | Dublin | Reporter: Jenna Lomax
RBC I&TS will provide custody, fund administration, treasury, collateral management and related UCITS fund services from its operations in Dublin
More custody news