Category: SGSS

Société Générale has appointed Isabelle Salomone as head of SGSS in Switzerland. Based in Zurich, she now reports to Anne Marion-Bouchacourt, group country head for Switzerland and MD of SG Zurich branch, and to Nathan Derhy, head of international coordination for SGSS. Salomone succeeds to David Cihla, who recently retired. Salomone was previously deputy head.

CNP Assurances, the French insurance company, has appointed Société Générale Securities Services to manage EMIR Initial Margin for complex derivatives. SGSS developed a middle office IM calculation service to meet CNP Assurances’ operational workflow requirements. For more than 15 years, SGSS has provided independent valuation of CNP Assurances’ structured products’ collateral management, as well as…

Generali Investments – through Generali Insurance Asset Management, on behalf of the French company Generali IARD – has purchased, on the secondary market, security tokens of the digitally native bond issued by the European Investment Bank (EIB) in 2021 (with Société Générale as Joint lead manager). The transaction was performed over the blockchain infrastructure of…

Saphyre, the U.S.-based fintech company focused on pre-trade setups and post-trade issues, has signed up Société Générale’s global markets division for new fund onboarding and maintenance. SG has been collaborating with Saphyre on STP of account setups to speed the time to market in order to provide immediate liquidity as well as seamless post-trade allocations…

SimCorp, the Europe-based provider of SaaS investment management solutions, and Société Générale Securities Services (SGSS) have extended their partnership until 2028 to promote front-to-back solutions for asset managers. The new contract includes a broad scope of new activities, including additional front office and ESG functionalities for CrossWise, SGSS’s front-to-back integrated suite which leverages SimCorp Dimension’s…

State Street has appointed Christophe Baurand as country head of France. Reporting to Denis Dollaku, executive management board member of State Street Bank International GmbH, Baurand began his new role in February 2022. He is responsible for leading the design and execution of State Street’s growth and client relationship strategy in France, strengthening the company’s…

SGSS has been appointed as depositary for five AIFs managed by SOFIDY for a total of EUR3.7bn AuM. A subsidiary of Tikehau Capital, SOFIDY is an investor in the consumer real estate fund market with EUR7.6bn AuM. In 2021, SOFIDY launched SCP Sofidy Europe Invest, for which SGSS now provides depositary services, as well as…

Société Générale Securities Services has expanded its securities custody offering in Africa to include Ghana. SGSS already offers custody services from the West African Economic and Monetary Union (WAEMU) from Côte d’Ivoire, the Economic and Monetary Community of Central Africa (CEMAC) from Cameroon, as well as from Morocco and Tunisia.

The Luxembourg Stock Exchange (LuxSE) and Société Générale have completed the admission of the first financial instruments registered on a public DLT platform on LuxSE’s Securities Official List. The three sets of security tokens admitted on LuxSE SOL are digital covered bonds (OFH tokens) and structured products that have been issued and deployed by SG’s…