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Multifonds facilitating Societe Generale Securities Services expansion into new market

Multifonds facilitating Societe Generale Securities Services expansion into new market

To enable fast and efficient growth into new markets, Societe Generale Securities Services (SGSS) needed to have a transfer agency software product that provided a high degree of flexibility such as multiple levels and types of commission processing as well as scalability across global geographies, and jurisdictions.

"It was essential that the usability and scalability of our transfer agency system matched our ambitious plans for growth, and Multifonds Global Investor is unparalleled in its offering," said Pascal Berichel, Global Head of Fund Distribution Services at SGSS.

SGSS acquired European Fund Services in 2006 to create Fund Distribution Services and had been already working with Multifonds since May 2003. SGSS offers fund distribution support from its two main offshore locations in Luxembourg and, more recently, Dublin - from where it supports the main European markets, including Germany, Spain, France and Italy. But SGSS had wider ambitions.

"Through the use of this flexible software, we were able to expand organically into the distribution of funds in Asia, based on our regional hub in Hong Kong. Following a business win with UniCredit, we also provide distribution support for the Pioneer Funds- another exciting move for us that wouldn't have been possible without the help of the Multifonds Global Investor product."

SGSS currently has more than 100 users of Multifonds Global Investor, processing more than €70 billion in assets, traditional institutional and retail funds.