Administrator of the Year

2007_fe_awards_logo_148pixels.jpg  European Administrator
of the Year
Société Générale
Securities Services
Société Générale Securities Services (SGSS) has the right people in place to get the job done, the judges said, after considering the firm’s hires in recent months. SGSS is at the “forefront of the industry”, said one judge, due to its focus on key issues and its significant expansion. SGSS recently announced the acquisition of the fund administration function and middle office of Pioneer Investments – a move that reinforced its position in Germany and its ability to develop high value-added services for clients. The firm has also worked closely with regulators to launch real estate funds
in France. SGSS’s fund administration operating model  is based on a pan-European IT platform. This platform is already live in France, Ireland and Luxembourg. The platform is fully compliant with legal requirements and is also interfaced with SGSS’s custody offering, its transfer agency function, and the firm’s asset servicing product.
Click on the play button on the left to watch a video of the award presentation. 2007_fe_awards_logo_148pixels.jpg
The shortlist BNP Paribas Securities Services
2007 saw BNP Paribas Securities Services – which won this category last year – successfully complete one of the largest ever UK fund management migrations, which resulted from the acquisition of part of Deutsche Asset Management by Aberdeen Asset Management. The company took on board 637 funds representing e52bn in assets under administration. In Luxembourg, the  company completed the country’s largest ever outsourcing transaction by bringing on board the fund administration and investment compliance activities of ING. This yielded 300 funds and e40bn under administration. RBC Dexia
RBC Dexia plays to its strengths, the judges noted. One of the firm’s main strengths is in client servicing, which has earned it a tremendous reputation in this field. Another judge also commended the firm for its approach to technology, saying RBC Dexia is at the forefront of administration in Europe in this regard. The firm has invested heavily in its expansion. Said one judge: “Perhaps over the next year we will really see that expansion pay off.” Northern Trust
Northern Trust increased its assets under administration in its European locations by 40% in 2007, to reach $224bn. This reflected a combination of new wins from headline fund groups and new fund launches from existing clients. Judges were particularly impressed with Northern Trust’s  cross-border pooled vehicle offering, in which the firm has doubled its assets under administration over the past twelve months.

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