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Societe Generale Securities Services Romania, mandated by the European Bank for Reconstruction and Development

15 Jan 2014

Societe Generale Securities Services (SGSS) in Romania, located within BRD, the Societe Generale subsidiary, has been mandated by the European Bank for Reconstruction and Development (EBRD),the largest institutional investor in the country, to act as its custody bank in Romania.

Assets from EBRD are being progressively transferred to SGSS for custody and safekeeping, positioning SGSS as one of its main local partners. Under the terms of the mandate, SGSS will also provide other value-added custody services, such as settlement on the Romanian market for both stock exchange and OTC trading, support for major local IPOs and government securities in the primary market, corporate action services and custody related cash management.

Societe Generale has been providing securities services in Romania through BRD for over 13 years. This mandate reflects the Group’s long-standing commitment to the Romanian market and in particular illustrates SGSS’ proven expertise and capacity to provide world-class services to a client base of financial institutions such as global custodians, investment banks, broker dealers, asset managers and pension funds. SGSS’ overall offering in Romania includes both local and global custody, clearing & settlement services across all asset classes, depositary bank and issuer services. The EBRD is an international financial institution that supports projects in over 30 countries, from Eastern Europe to central Asia and the southern and eastern Mediterranean.

Investing primarily in private sector clients whose needs cannot be fully met by the market, the Bank promotes entrepreneurship and fosters transition towards open and democratic market economies. Through its activity in Romania in the coming years, the EBRD will develop projects that will assist Romania in maintaining stability in the financial sector, to support further growth of Romanian enterprises and small and medium-sized enterprises (SMEs). The EBRD is owned by 64 countries and two intergovernmental institutions (the European Union and the European Investment Bank).
Societe Generale
Societe Generale is one of the largest European financial services groups. Based on a diversified universal banking model, the Group combines financial solidity with a strategy of sustainable growth, and aims to be the reference for relationship banking, recognised on its markets, close to clients, chosen for the quality and commitment of its teams.
Societe Generale has been playing a vital role in the economy for 150 years. With more than 154,000 employees, based in 76 countries, we accompany 32 million clients throughout the world on a daily basis. Societe Generale’s teams offer advice and services to individual, corporate and institutional customers in three core businesses:
- Retail banking in France with the Societe Generale branch network, Credit du Nord and Boursorama, offering a
comprehensive range of multichannel financial services on the leading edge of digital innovation;
- International retail banking, financial services and insurance with a presence in emerging economies and leading
specialised businesses;
- Corporate and investment banking, private banking, asset management and securities services, with recognised
expertise, top international rankings and integrated solutions.
Societe Generale is included in the main socially responsible investment indices: Dow Jones Sustainability Index (Europe), FSTE4Good (Global and Europe), Euronext Vigeo (Global, Europe, Eurozone and France) and 5 of the STOXX ESG Leaders indices.

For more information, you can follow us on twitter @societegenerale or visit our website

Societe Generale Securities Services (SGSS)
Present in 29 locations worldwide with around 4,000 employees, SGSS provides financial institutions and brokers, asset managers and insurers, and businesses with a full range of securities services adapted to the latest financial market and regulatory trends: clearing services, custody and trustee services, retail custody services, liquidity management, fund
administration and asset servicing, fund distribution and global issuer services.

SGSS is ranked among the top 10 worldwide global custodians and the 2nd largest in Europe with EUR 3,609* billion of assets under custody. SGSS provides custody & trustee services for 3,229* funds and the valuation of 4,057* funds, representing assets under administration of EUR 500* billion. SGSS also ranks among the European leaders in stock option management.
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*at September 30, 2013

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