Societe Generale Securities Services (SGSS) has unveiled a new management company tool to support asset managers seeking access to the European market to establish and market undertakings for collective investments in transferable securities (UCITS).
Dubbed as Manco by SGSS, the new solution will simplify the launch and administrative management of UCITS funds in Europe.
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ManCo will allow asset managers to focus on their core activities, investments and high value relationships with their investors.
Currently, SGSS is extending its license to work with asset managers in their growth strategy within the European Economic Area (EEA).
Additionally, ManCo will also enable asset managers to set up funds remotely, eliminate the associated infrastructure costs or manage the registration process, as well as outsource to SGSS the entire administrative process required to become UCITS compliant.
The solution will feature benefits such as setting-up and structuring the UCITS that includes administrative, legal and regulatory requirements, for launch within the EEA region, risk management and reporting as well as post-trade and fund services.
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By GlobalDataIt will also offer distribution support through the bank’s network of European paying and facilities agency services in 14 EEA countries and Master-Feeder fund structures.
Supported by SGSS’ range of post-trade services, the service will assist with reporting for final investors and producing the Key Investor Information Document (KIID).
Etienne Deniau, global head of business development, asset managers & owners at SGSS. " By enabling asset managers to launch UCITS to investors, ManCo by SGSS will create broader investment and business opportunities for investors and asset managers".
