View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
November 24, 2017updated 27 Nov 2017 7:16am

UniCredit and Societe Generale extend partnership on securities services

Italian banking group UniCredit and Societe Generale Securities Services (SGSS), the Italian unit of French lender Societe Generale, have signed a memorandum of understanding (MoU) to extend their partnership on global custody for an additional seven years.

The agreement, which dates back to 2006, involves custody, settlement as well as market data management services and will now run until 2026.

Commenting on the move, UniCredit global co-COO Ranieri de Marchis said: “We decided to extend a long and successful partnership with SGSS to allow UniCredit to benefit from our partner’s expertise in the best interest of our customers and in line with the Transform 2019 objectives.”

SGSS offers post-trade services including custody, trustee and fund administration services in Italy, where it has been present since 12 years.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy


Thank you for subscribing to Private Banker International