SGSS wins SCM Private mandate

SGSS wins SCM Private mandate

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Societe Generale Securities Services (SGSS) in the UK has been mandated by the investment company SCM Private to provide a wealth and investment management administrative outsourcing solution for their three newly launched direct-to-consumer online wealth management solutions – SCM Direct.com, MoneyShe.com and SCM 50.com.

SGSS was selected by SCM Private for its capacity to provide a complete front-to-back office wealth management solution. The solution also provides custody safekeeping at a segregated client account level.

understand the wealth management industry’s need and demand for a tailored turn-key solution that adapts both to regulatory and cost cutting pressures, as well as the changing profile of end-investors," said Gina Miller, Founder of SCM Private.

”SCM Private represents an important client partnership for SGSS.” comments Michael Le Garignon, head of SGSS sales, business development and relationship management in the UK. “We have worked closely together to ensure that we are delivering a solution that not only represents value both to SCM Private and their end-investors, but that delivers a scalable, long-term solution.”

SGSS’ fully integrated wealth and investment management outsourcing solution, launched in the UK in September, is aimed at mid-tier wealth and investment fund managers and spans the full post-trade value-chain from global execution to global custody.
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