Societe Generale and MFEX, a global fund distribution platform, announce the signature of a long-term partnership agreement related to Societe Generale Securities Services’ (SGSS) Global Fund Trading activities in Luxembourg.
As part of this agreement, MFEX will manage all post trade services related to funds, currently operated by Societe Generale Luxembourg. MFEX would also integrate all the Societe Generale’s employees working for these activities. This transaction is subject to the approvals of the relevant authorities.
Societe Generale Securities Services would continue to provide its clients with a global service offering, while leveraging through this partnership on MFEX’s expertise as a benchmark provider of services linked to international fund distribution.
Mathieu Maurier, Country Manager for Societe Generale Securities Services in Luxembourg, says: “In a changing environment, this partnership would enable Societe Generale Securities Services to enrich its global offering for asset managers and financial institutions. Our clients would benefit from a full range of services, combining the expertise developed by SGSS‘ teams and the know-how of MFEX, an international leading provider of fund distribution services.”
Olivier Huby, co-CEO of MFEX, says: “This partnership represents a natural continuation of the excellent collaboration we have had with Societe Generale group for several years. This transaction would strengthen MFEX’s presence in Luxembourg and enable MFEX to continue to grow by consolidating its leading position in international funds distribution. The assets under administration would exceed EUR250 billion and MFEX would be able to offer its services in 51 countries and provide access to 72,000 funds.”
