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Announcement

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Societe Generale Securities Services to provide securities lending services for Byblos Pension Fund

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Societe Generale Securities Services in Italy has been selected as a provider of securities lending services by the Byblos Pension Fund, the Complementary Pension Fund for employees of Graphic, Publishing, Paper and Cardboard, Paper Processing and Paper Converters companies.

This new mandate allows SGSS to strengthen its position as a leading provider for the social security system in Italy, where it supports social insurance companies and pension funds.
 
“Our primary ambition to be the reference partner for Byblos has been realised with the implementation of further added-value services such as securities lending” commented Frédéric Barroyer, Chief Executive Officer of SGSS. “This major achievement comes after many years of steady collaboration with Byblos, and we are glad to continue providing innovative solutions that meet the growing needs of our clients and the markets.”
 
At the end of 2017, Byblos, established by companies and trade unions, had over EUR800 million of assets under management.

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