The European Bank for Financial Services (ebase) has selected Societe Generale Securities Services (SGSS) in Germany and MFEX Mutual Fund Exchange to provide brokerage, custody and trailer fee management services.
SGSS Germany and its partner MFEX will provide the specified services for several thousands funds, and will process over 100,000 fund trades per year.
Kai Friedrich, spokesman for the ebase management board, commented: “We are continuously working on further developing our offering for partners and clients, so that in Germany we may become the leading source of digital business-to-business investment solutions for financial service providers and their clients.”
“We are pleased to have entered into a partnership with SGSS and MFEX Mutual Funds Exchange, top performing companies with whom we can continue to grow in the coming years.”
Christian Wutz, head of coverage, marketing and solutions, Germany, SGSS, added: “This new mandate is a significant step for SGSS on the German market, as it reinforces our role as global custodian in Germany.”
“Our innovative and comprehensive range of services will be a key asset for ebase to support its ambitions for profitable growth. Our approach with MFEX is in line with SGSS's platform strategy to integrate the services of various providers to offer our clients best of class modular solutions and products.”
