Paris / London / Luxembourg, 8th July 2021
The partnership between Societe Generale Securities Services (SGSS) and MFEX, initiated in 2019, is now achieving all its objectives by offering clients comprehensive coverage and a full range of services in fund distribution.
SGSS, a major European player in terms of depositary bank and investor services, offers, within the framework of its partnership with MFEX, a global specialist in trading and fund distribution solutions, access to 350 distributors, 950 asset managers and more than 80 000 funds.
The range of services provided covers an unparalleled spectrum of features, notably trading features, via a single point of entry for managing real-time updates on transactions, transfers, cash flow and securities operations. Furthermore, SGSS offers its clients, with the MFEX platform provided by the industry leader in trailer fees management, a collection solution and access to distribution allowing efficient investments in open architecture.
The offer also includes solutions for disseminating customised data and documents to distributors, as well as digital compliance services, through the regtech Global Fund Watch to manage and access KYC information and documents and to process compliance questionnaires, within a highly secure framework and in real time. Additionally, operational due diligence reports are available for distributors to provide a better understanding of the asset managers' operational capabilities and recently focusing on ESG framework.
The two groups are delighted with the first successes recorded by this partnership, which constitutes a unique offer for clients and the market, and which will be further strengthened by the recent acquisition of MFEX by Euroclear, a long-standing partner of SGSS.
Gildas le Treut, Head of Sales and Client Relations at SGSS: "By teaming up with MFEX, an independent specialist in the management of rebates for UCI assets in Europe, we are able to deliver to our clients a comprehensive, optimized and transparent service across a wide range of jurisdictions and funds."
Olivier Haguenauer, MFEX Chief Commercial Officer: "This partnership, which began in 2019, has strengthened our ties with the Societe Generale Group and enables us to offer MFEX services on increasingly innovative and varied funds for SGSS clients, meeting the needs of the market."