Societe Generale Securities Services (SGSS) has launched a new management company solution to assist asset managers seeking access to the European market to set up and market Ucits funds.

The launch will involve the firm extending the licence of its existing in-house management company, ManCo,  to accompany asset managers in their growth strategy within the European economic area.

“European investors tend to invest in locally-registered funds for asset and investment protection. However, they are willing to explore new investment options to benefit from the advantages provided by a diversified range of funds, as long as they are secure,” said Etienne Deniau, global head of business development, asset managers and owners at SGSS.

The solution, called ManCo by SGSS, will allow managers to set up Ucits funds remotely without taking on infrastructure costs or managing the registration process, and outsource to SGSS the entire administrative process required to become  compliant.

"By enabling asset managers to launch Ucits to investors, ManCo by SGSS will create broader investment and business opportunities for investors and asset managers,” added Deniau.

Through the new solution, SGSS will take responsibility for the establishment and structuring of Ucits, covering administrative, legal and regulatory rules. It will also cover risk management and reporting rules, post-trade and fund services, in addition to distribution support.

All the services provided through ManCo by SGSS are supported by SGSS’ range of post-trade services, which have been adapted to the latest market and regulatory changes. This includes help with reporting for final investors and producing the Key Investor Information Document (KIID).