Fineco Asset Management selected SGSS as its unique local Transfer Agent for its Luxembourg UCITS funds labeled “CoreSeries” and for its Irish UCITS funds “Fam Series UCITS ICAV” and “FAM EVOLUTION SICAV”.
For its “CoreSeries” funds in Luxembourg, Fineco AM will rely on SGSS who will provide depositary and trustee services, fund administration and transfer agency for an amount of EUR 6 billion of assets under management. Thanks to the signing of this important deal, SGSS strengthens its position as key player in its reference market, confirming its capability to meet the specific needs of Fineco AM in distributing funds in Italy.
“We are delighted to have established a new partnership with SGSS for these new UCITS funds, thus taking advantage of a strategic and long-standing relationship with the Fineco Group. In this perspective, we decided to benefit from SGSS international expertise in supporting fund distribution for all our products “, stated Fabio Melisso, CEO of Fineco Asset Management.
Gabriele Pollastri, Senior Banker at SGSS commented: “Over the years we built a stable and consolidated relationship with the Fineco Group and we are now proud to support Fineco Asset Management in the development of their fund business, providing a complete and personalized service”.