UK regulators have approved Societe Generale Securities Services (SGSS) to offer trustee and depositary services in the UK for UCITS and alternative investment funds.

SGSS is therefore starting to offer full custody, depositary and fund administration services for UK funds, further strengthening its presence in the UK, where it already provides a range of products and services to a wide client base.

Bertrand Blanchard, UK Country Manager, says: “SGSS has a recognized global expertise in trustee and depositary services. We are now delighted to be able to extend this expertise to the UK and offer significant new services to our clients here and thus continue to support and partner them in their growth and development."

Northern Trust has announced a series of appointments within its global capital markets business.

BNY Mellon says it has enhanced its foreign exchange payment capabilities.

CACEIS has been appointed by the Advenis Investment Managers management company (the entity previously known as Avenir Finance Investment Managers) to provide account-keeping/custody and depositary services for its entire fund range. 

Northern Trust has appointed Douglas Gee as head of sales for its asset servicing business. It says the move is to continue to drive sales momentum for its business across Europe, Middle East and Africa (EMEA).

Northern Trust has won a mandate from Muscat Capital, the Saudi Arabia-based investment banking arm of Bank Muscat, the largest commercial bank in Oman. 

The International Securities Services Association has adopted a set of Financial Crime Compliance Principles. The aim, it says, is to support the efforts of the global community of securities custodians and intermediaries to address the critical challenges posed by financial crime (he Principles can be downloaded from the ISSA website).