Companies believe partnership will better serve clients around the globe
Milwaukee-based U.S. Bancorp Fund Services LLC, an operating unit of U.S. Bancorp, the corporate parent of U.S. Bank, has partnered with Société Générale Securities Services (SGSS) to create a new global securities service alliance. The new alliance allow each company to leverage the others products or geographic locations to serve customers around the world.
“The growing interest for global distribution is quite compelling,” said Joe Redwine, president of USBFS. “(SGSS’) European expertise and presence, both in the product offerings and in the countries where they are distributed, will provide our clients with strong regulatory support, distribution services, and global access to investor market trends across Europe.”
The commercial alliance combines the service models of both companies to offer global administration, shareholder servicing, distribution support, capital introduction support, product development, securities lending, trustee services, credit facilities, and middle office solutions. Investment managers seeking a single source for servicing global products are able to receive 24-hour global support through the specialized talent and expertise of two top-tier firms through this unique service offering.
“Our commercial partnership with U.S. Bancorp Fund Services provides investment managers the financial strength of both organizations and allows clients to access industry leading technology, key administration services, and the tools necessary to be successful in the global investing market,” said Alain Closier, global head of Société Générale Securities Services.