French asset management firm LBO France Gestion has awarded a depositary bank services mandate to Societe Generale Securities Services (SGSS), the seventh-largest worldwide global custodian. A total of 54 French-domiciled venture capital funds are included in the mandate.
SGSS won the mandate based on the quality of its complete range of back-office services and because of its capacity to manage the migration of funds efficiently. SGSS handled the migration of 100 non-listed stocks, representing more than 600 positions, in a month.
Click here for the release from Société Générale Group.