SGSS picks up Credit Suisse custody mandate in Russia

SGSS picks up Credit Suisse custody mandate in Russia

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Societe Generale has been mandated by Credit Suisse to act as its sub-custody bank in Russia.

SocGen’s securities services business, SGSS, will provide asset safekeeping, settlement, corporate action processing, income collection and proxy voting services.

The mandate came into effect in mid-April.

SGSS in Russia is a business line of Rosbank, the 2nd largest foreign-capital banking group in Russia and a SocGen subsidiary.

Bank Handlowy, part of Citi, handles sub-custody for Credit Suisse in Poland. 

Swedbank runs sub-custody for the Swiss bank in Estonia and Nordea Bank handles operations in Finland.

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