Societe Generale Securities Services (SGSS) Italy has been appointed as depositary bank by Clessidra Private Equity SGR.
As part of the mandate, SGSS will provide depositary bank services for the new reserved closed-end alternative investment fund called Clessidra Capital Partners 4.
Marco Mosca, head of coverage, marketing and solutions of Societe Generale Securities Services in Italy, says: “We are very pleased to have started the collaboration with Clessidra SGR and to accompany the company in its strategic role of supporting the excellence of the Italian mid-market and, we are sure, its future growth."
“The assignment given to us for the Clessidra Capital Partners 4 fund confirms SGSS S.p.A.'s attention and commitment to the alternative funds segment, which represents one of the pillars of our strategy”, Mosca adds.
SGSS Italy provides post-trade services to institutional investors including custody and settlement, depositary and fund administration services, middle office, liquidity management, transfer agent and risk and performance management.
In April, SGSS in Italy was selected as depositary bank by Ambienta SGR for its private equity funds.
