Societe Generale Securities Services (SGSS) in Romania has been mandated by the European Bank for Reconstruction and Development (EBRD) to act as its custody bank in the country.
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. SGSS’ overall offering in Romania includes both local and global custody, clearing and settlement services across all asset classes, depositary bank and issuer services.
