Copying and distributing are prohibited without permission of the publisher
SGSS wins large custody mandate
13 January 2014
To provide Romanian sub-custody to European Bank for Reconstruction and Development
Societe Generale Securities Services (SGSS) in Romania has won a mandate to provide local custodial services to the European Bank for Reconstruction and Development (EBRD).
The EBRD, which is the largest institutional investor in Romania, will develop projects to help Romania in maintaining stability in its financial sector by supporting the further growth of Romanian enterprises and small and medium-sized enterprises.
SGSS will also provide other services, such as settlement on the Romanian market for both exchange and OTC trading, support for major local initial public offerings (IPO) and government securities in the primary market, corporate action services and cash management.
The EBRD is owned by 64 countries and two intergovernmental institutions. It invests primarily in private sector clients whose needs cannot be fully met by the market.