Societe Generale Securities Services (SGSS) in Germany has been mandated by First Private Investment Management to provide front, middle and back office services, via CrossWise, its modular solution.
First Private Investment Management is an independent and partner-managed asset manager operating globally and based in Frankfurt.
According to SGSS, First Private Investment Management will benefit from CrossWise as it combines front to back solutions, created for asset managers to optimise their operating model and meet all regulatory constraints across all asset classes.
In addition, SGSS will provide First Private Investment with its extended analytics and reporting services including performance measurement and risk analysis based on SGSS VIEW, its web based reporting portal.
Thorsten Wegner, COO and partner at First Private Investment Management, said: “Working with SGSS GmbH allows us to focus on our core competencies, the development and implementation of active, quantitative multi-asset and absolute return investment strategies.”
He added: “SGSS has a strong understanding of our complex business and values stable, automated processes as much as we do. We also look forward to the further opportunities that CrossWise offers, such as the multi asset dealing desk services.”
Christian Wutz, managing director of SGSS GmbH and head of commercial, marketing and solutions for SGSS in Germany, commented: "We are very pleased to support First Private, an expert in active and systematic asset management, and to offer them our expertise in investment services for asset managers.”
