“Assets from EBRD are being progressively transferred to Societe Generale Securities Services (SGSS) for custody and safekeeping, positioning SGSS as one of its main local partners,” the statement noted.
Under the terms of the mandate, SGSS will also provide other value-added custody services, such as settlement on the Romanian market for both stock exchange and over-the-counter trading, support for major local IPOs and government securities in the primary market, corporate action services and custody related cash management.
“Through its activity in Romania in the coming years, the EBRD will develop projects that will assist Romania in maintaining stability in the financial sector, to support further growth of Romanian enterprises and small and medium-sized enterprises,” SGSS said.
SGSS Romania offers local and global custody, clearing & settlement services across all asset classes, depositary bank and issuer services.