Societe Generale Securities Services in Italy (SGSS S.p.A) has been selected as the provider of securities lending services by the Byblos Pension Fund.
According to SGSS S.p.A, the new mandate will allow SGSS to strengthen its position as a provider for the social security system in Italy, where it supports social insurance companies and pension funds.
SGSS S.p.A provides post-trade services to institutional investors such as custody and settlement, depositary bank services, fund administration services, risk & performance management, liquidity management and transfer agent services.
Frédéric Barroyer, CEO of SGSS S.p.A, commented: "Our primary ambition to be the reference partner for Byblos has been realised with the implementation of further added-value services such as securities lending."
He added: "This major achievement comes after many years of steady collaboration with Byblos, and we are glad to continue providing innovative solutions that meet the growing needs of our clients and the markets."
