Baloise appoints SGSS

Baloise Asset Management has mandated Societe Generale Securities Services GmbH (SGSS GmbH) to provide master KVG services for two of its pension funds. Basler Lebensversicherungs-AG, Hamburg and Basler Sachversicherungs-AG, Bad Homburg are composed of 11 sub-funds and represent a cumulative total of approximately EUR 2.58 billion assets under management.

SGSS GmbH says it will provide standard fund administration services to meet statutory requirements, in addition to extensive investor reporting required by the pension funds, which includes performance measurement, performance attribution and risk analysis services.

Baloise Asset Management is part of Baloise Group, headquartered in Basel, Switzerland, and a European provider of insurance and pensions solutions which also has a market presence in Germany, Belgium and Luxembourg.