SGSS wins Sydbank mandate
Societe Generale Securities Services (SGSS) has been mandated by Sydbank Asset Management to supply middle-office services in support of the Danish firm’s emerging market debt business in Europe.
SGSS will provide Sydbank with a full range of its middle-office services including transaction management services, recordkeeping for position balances and transaction activity, which includes corporate actions, derivatives processing, collateral management and EMIR compliant reporting.
The mandate win comes as SGSS continues its expansion into the Netherlands and the Nordic region, where the company is pushing its post-trade services towards both investment managers and institutional investors.
Bringing Sydbank AM on board is a positive step for SGSS, the firm represents the asset management arm of Sydbank A/S, Denmark’s fourth largest full service bank, and its emerging market debt team manages more than $2.5bn, with more than $1bn of that from institutional clients.
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