Swiss Life AM awards Lux and France Ucits servicing mandate

Signing dealSwiss Life Asset Management has awarded Societe Generale Securities Services (SGSS) with a securities services brief for funds holding €5.5 billion of assets.

The mandate covers a range of 60 funds that are either French Ucits or Luxembourg Ucits products.

SGSS is to provide fund administration and securities lending services for the French funds, and domiciliation, custody, fund administration, fund distribution and securities lending services for the Luxembourg funds.

SGSS says Swiss Life Asset Management selected it partly for its pan-European business coverage and flexible solutions, particularly for its master-feeder structures. These structures allow asset managers to launch funds in one or several member states (the feeders) and centralise the management of the assets in a single fund (the master).

SGSS says its real estate funds capability was also recognised.

Founded in Switzerland in 1857, the Swiss Life group is a European provider of life insurance, pensions and retirement products.

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