# Press Releases

Thursday, 27th June 2019

Société Générale and MFEX together for international fund distribution services

Société Générale and MFEX announce the signature of a partnership agreement as part of the transfer of Société Générale Securities...

Société Générale and MFEX together for international fund distribution services

Société Générale and MFEX announce the signature of a partnership agreement as part of the transfer of Société Générale Securities Services’ Global Fund Trading platform to MFEX.

Société Générale and MFEX, a global fund distribution platform, announce the signature of a long-term partnership agreement related to Société Générale Securities Services’ (SGSS) Global Fund Trading activities in Luxembourg.

As part of this agreement, MFEX would manage all post trade services related to funds, currently operated by Société Générale Luxembourg. MFEX would also integrate all the Societe Generale’s employees working for these activities. This transaction is subject to the approvals of the relevant authorities.

Société Générale Securities Services would continue to provide its clients with a global service offering, while leveraging through this partnership on MFEX’s expertise as a benchmark provider of services linked to international fund distribution.

Mathieu Maurier, Country Manager for Société Générale Securities Services in Luxembourg, commented: “In a changing environment, this partnership would enable Societe Generale Securities Services to enrich its global offering for asset managers and financial institutions. Our clients would benefit from a full range of services, combining the expertise developed by SGSS‘ teams and the knowhow of MFEX, an international leading provider of fund distribution services"

Olivier Huby, co-CEO of MFEX, stated: “This partnership represents a natural continuation of the excellent collaboration we have had with Société Générale group for several years. This transaction would strengthen MFEX’s presence in Luxembourg and enable MFEX to continue to grow by consolidating its leading position in international funds distribution. The assets under administration would exceed €250 billion and MFEX would be able to offer its services in 51 countries and provide access to 72,000 funds."

Press contacts:

Paris - Fanny Rouby +33 1 57 29 11 12 fanny.rouby@socgen.com

Luxembourg – Sandrine Brel +352 47 93 11 52 04 sandrine.brel@socgen.com @SG_presse

MFEX :

Olivier Haguenauer – Global Head of Sales Tél. : +33 6 77 04 12 55 olivier.haguenauer@mfex.com

Olivier Huby – Co-CEO Tél. : +33 6 61 87 60 72 olivier.huby@mfex.com

Société Générale

Société Générale is one of the leading European financial services groups. Based on a diversified and integrated banking model, the Group combines financial strength and proven expertise in innovation with a strategy of sustainable growth, aiming to be the trusted partner for its clients, committed to the positive transformations of society and the economy.

Active in the real economy for over 150 years, with a solid position in Europe and connected to the rest of the world, Société Générale has over 149,000 members of staff in 67 countries and supports on a daily basis 31 million individual clients, businesses and institutional investors around the world by offering a wide range of advisory services and tailored financial solutions. The Group is built on three complementary core businesses:

  • French Retail Banking which encompasses the Societe Generale, Crédit du Nord and Boursorama brands. Each offers a full range of financial services with omnichannel products at the cutting edge of digital innovation;

  • International Retail Banking, Insurance and Financial Services to Corporates, with networks in Africa, Russia, Central and Eastern Europe and specialised businesses that are leaders in their markets;

  • Global Banking and Investor Solutions, which offers recognised expertise, key international locations and integrated solutions.

Société Générale is included in the principal socially responsible investment indices: DJSI (World and Europe), FTSE4Good (Global and Europe), Euronext Vigeo (World, Europe and Eurozone), four of the STOXX ESG Leaders indices, and the MSCI Low Carbon Leaders Index. For more information, you can follow us on Twitter @societegenerale or visit our website www.societegenerale.com

Société Générale Securities Services (SGSS)

Present in 26 locations worldwide with 4,000 employees, SGSS provides financial institutions and brokers, asset managers and insurers, and businesses with a full range of securities services adapted to the latest financial market and regulatory trends: clearing services, custody and trustee services, retail custody services, liquidity management, fund administration and asset servicing, fund distribution and global issuer services. SGSS is among the top ten global custodians and the 2nd largest European custodian with EUR 4 083 billion of assets under custody. SGSS provides custody & trustee services for 3 460 funds and the valuation of 4 151 funds, representing assets under administration of EUR 629 billion. For more information, you can follow us on twitter @SG_SS or visit our website www.securities-services.societegenerale.com

*Figures at end of March 2019

MFEX

MFEX, independent experts in global fund distribution, offers a complete solution for fund distribution with €250 billion in assets under administration. Financial distributors & insurance companies use MFEX to access the world's largest fund range with trading, rebates and fund information from over 920 fund companies and 72 000 funds. MFEX is independent with full transparency between distributors and fund companies. The distributors of MFEX include, among others, Société Générale, KBC Bank, Keytrade Bank, Handelsbanken, Nordea, Carnegie, Pictet, Danske Bank, Citibank, Groupe Edmond de Rothschild and Bank of Singapore. MFEX has its head office in Stockholm and offices in Paris, Luxembourg, London Geneva, Milan, Madrid, Singapore, and Umeå. Its primary regulator is the Swedish Financial Supervisory Authority (Finansinspektionen). MFEX is present in 51 countries on 5 continents with more than 250 employees and is organized into five main business lines: Trading & Custody, Rebate Collection, Data & Fund Info as well as Fund Company Due Diligence (Global Fund Watch).

For more information please see www.mfex.com

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