FundForum 2012 LIVE: SGSS offers Ucits turnkey solution for asset managers
Société Générale Securities Services has announced at FundForum International the launch of a turnkey solution designed to enable asset management companies and third-party managers to create, manage and promote Ucits funds.
SGSS says the solution is aimed at asset managers globally who do not want to create a Ucits-registered asset management firm or have difficulties in doing so, allowing them to benefit from the Ucits framework by offering a Luxembourg legal structure that fulfils European regulations.
This enables asset managers to distribute Ucits funds throughout the European Union, and offers distribution advantages in other continents. It also offers investors the transparency, risk control and liquidity guarantees of the Ucits regime.
“Many asset managers worldwide recognise the benefit of setting up a Ucits fund, but don’t necessarily have the time or resources do so themselves,” says Olivier Renault (pictured), deputy chief executive and Luxembourg country manager for Société Générale Securities Services.
“This one-stop, turnkey solution from SGSS provides our asset manager clients with the Luxembourg-based legal and regulatory framework they need to distribute their own Ucits fund in all the member states of the EU.”
To create the new structure fund, SGSS has drawn on the expertise within the group of Société Générale Private Wealth Management, a Luxembourg-based asset manager that is fully authorised to manage Ucits funds, providing clients with the European label that offers access to fund distribution throughout the EU.
SGSS says its asset management clients also benefit from its expertise in securities services in Europe as a provider of domiciliation, fund administration, custody and transfer agent services for their funds.
The firm says the new integrated and comprehensive solution offers clients the assurance of automated and proven operational processes as well as ongoing and effective risk monitori
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