Societe Generale Securities Services (SGSS) is contributing to a new model, Euronext Fund Service, to facilitate investments in funds for domestic and international investors.
Launched by Euronext and available starting 15 May 2017, the new service will enable institutional and retail investors to place subscription/redemption orders, in a simplified and automated manner, through their brokers for open-end funds that are registered or passported in France.
As a fund agent registered with Euronext, SGSS will process orders placed by investors through their brokers, from order reception to settlement.
Parallel to initiatives such as the FROG Working Group which promote France’s competitive market positioning within the European asset management industry, the service is part of a larger drive to raise the profile of French funds and contribute to market efficiency and attractiveness for investors.
“We are convinced of the importance of these initiatives and actively support innovative changes which highlight both the expertise available on the Paris market and the capacity to adapt its infrastructures in response to market expectations,” says Mathilde Guérin (pictured), head of product engineering at SGSS. “It is also an opportunity to support our asset manager clients in their commercial development through the diversification of their distribution and collection channels.”
