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Societe Generale Securities Services (SGSS) has been mandated by independent investment services company Fidelity International for its securities lending services.
The mandate follows as FIL Gestion, the asset management entity of Fidelity International, marks a decade of partnership with SGSS.
In its provision of securities lending services, SGSS administers solutions for cross-asset portfolios according to a buy-side firm’s risk profile and regulatory framework.
With SGSS acting as agent rather than counterparty, the solution incorporates the lending agency programme of Societe Generale Group, which includes management of corporate actions, bespoke collateral management in securities and cash, and comprehensive reporting.
Jean-Denis Bachot, chairman of FIL Gestion, comments: “Strengthened by 10 years of collaboration with SGSS for their depositary and fund administration services, we are delighted to be able to extend our partnership and benefit from Societe Generale Group’s capacity to offer a securities lending-borrowing model incorporating the most advanced market standards."
Gildas le Treut, co-director of sales, marketing and solutions at SGSS, adds: “We are pleased to enrich our securities services offering to FIL Gestion, which enables us to enhance our historic partnership.”
