Societe Generale Securities Services in Italy (SGSS S.p.A) has been selected as the provider of securities lending services by the Byblos Pension Fund, the Complementary Pension Fund for employees of Graphic, Publishing, Paper and Cardboard, Paper Processing and Paper Converters companies.
This new mandate allows SGSS to strengthen its position as a leading provider for the social security system in Italy, where it supports social insurance companies and pension funds.
“Our primary ambition to be the reference partner for Byblos has been realised with the implementation of further added-value services such as securities lending” commented Frédéric Barroyer, Chief Executive Officer of SGSS S.p.A.. “This major achievement comes after many years of steady collaboration with Byblos, and we are glad to continue providing innovative solutions that meet the growing needs of our clients and the markets.”
At the end of 2017, Byblos, established by companies and trade unions, had over €800 million of assets under management.
With EUR 7361 billion of assets under custody, SGSS S.p.A provides post-trade services to institutional investors such as custody and settlement, depositary bank services, fund administration services, risk & performance management, liquidity management and transfer agent services.
1 Figures as at end of December 2017