Sydbank awards SGSS middle-office mandate

Sydbank Asset Management, a division of Sydbank A/S in Denmark, has appointed Societe Generale Securities Services (SGSS) to provide middle-office services to support the growth of its institutional emerging market debt business in Europe.
SGSS will provide transaction management services, from trade capture, trade matching and confirmation to settlement instructions, record keeping for position balances and transaction activity, which includes corporate actions, derivatives processing, collateral management, and EMIR-compliant reporting.
Said Christian Faroe, senior institutional sales manager at Sydbank Asset Management: “SGSS adopted a very pro-active approach to their analysis regarding our needs for a flexible model that could support our current business and future growth strategy. The project of constructing the model and managing the migration of services from our previous provider was very professionally executed by the SGSS team. It worked seamlessly, on time and with an absolute minimum of insignificant start-up issues.”