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Fineco appoints SGSS as local Transfer Agent in Italy

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Societe Generale Securities Services (SGSS) has been mandated by Fineco Asset Management to act as its local Transfer Agent in Italy for its foreign funds and to provide depositary & trustee services, fund administration and transfer agency in Luxembourg.

Fineco Asset Management selected SGSS as its unique local Transfer Agent for its Luxembourg UCITS funds labelled CoreSeries and for its Irish UCITS funds Fam Series UCITS ICAV and FAM EVOLUTION SICAV.
 
For its CoreSeries funds in Luxembourg, Fineco AM will rely on SGSS who will provide depositary and trustee services, fund administration and transfer agency for an amount of EUR 6 billion of assets under management. Thanks to the signing of this important deal, SGSS strengthens its position as key player in its reference market, confirming its capability to meet the specific needs of Fineco AM in distributing funds in Italy.
 
“We are delighted to have established a new partnership with SGSS for these new UCITS funds, thus taking advantage of a strategic and long-standing relationship with the Fineco Group. In this perspective, we decided to benefit from SGSS international expertise in supporting fund distribution for all our products,” says Fabio Melisso (pictured), CEO of Fineco Asset Management.
 
Gabriele Pollastri, Senior Banker at SGSS, says: “Over the years we built a stable and consolidated relationship with the Fineco Group and we are now proud to support Fineco Asset Management in the development of their fund business, providing a complete and personalised service.”

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