AGI appoints depository in France and Italy

14.10_HandshakeAllianz Global Investors Europe has appointed Societe Generale Securities Services (SGSS) to provide a range of investor services in France and Italy for €9bn-worth of assets.

AllianzGI IE, Allianz Global Investors’ European investment platform, offers tailor-made investment solutions to institutional and retail clients across Europe.

In France, AllianzGI IE has renewed its existing mandate with SGSS for depository bank services provided since 2003.

In Italy, AllianzGI IE will rely on SGSS to provide depository bank fund administration and transfer agency services for its full range of funds. This mandate, which is subject to regulatory approval,  concerns over 60 funds.

SGSS said it was selected “in particular for its managerial capabilities within the framework of its pan-European platform, which are necessary to serve the needs of investment managers with pan-European reach…”

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