SGSS picks up Credit Suisse custody mandate in Russia
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.
Found this useful?
Take a complimentary trial of the FOW Marketing Intelligence Platform – the comprehensive source of news and analysis across the buy- and sell- side.
Gain access to:
- A single source of in-depth news, insight and analysis across Asset Management, Securities Finance, Custody, Fund Services and Derivatives
- Our interactive database, optimized to enable you to summarise data and build graphs outlining market activity
- Exclusive whitepapers, supplements and industry analysis curated and published by Futures & Options World
- Breaking news, daily and weekly alerts on the markets most relevant to you