Societe Generale and MFEX, a global fund distribution platform, have signed a long-term partnership agreement related to Societe Generale Securities Services' (SGSS) Global Fund Trading activities in Luxembourg.
As part of this agreement, MFEX would manage all post trade services related to funds, currently operated by Societe Generale Luxembourg. MFEX would also integrate all the Societe Generale's employees working for these activities.
The transaction is subject to the approvals of the relevant authorities.
Societe Generale Securities Services would continue to provide its clients with a global service offering, while leveraging through this partnership on MFEX's expertise as a benchmark provider of services linked to international fund distribution.