Published on 21/07/2014

Societe Generale Securities Services appoints head of trustee and depositary services in the UK

Societe Generale Securities Services (SGSS) has appointed David Painter as Head of Trustee and Depositary Services in the UK. Based in London, he reports to Bertrand Blanchard, SGSS’ Country Manager in the UK, and to Michèle Besse, Global Head of Depositary Control.

This appointment is part of SGSS’ development strategy to provide clients with a complete and competitive securities services offering in the United Kingdom. David Painter will play a key role in launching and managing trustee and depositary services in the UK for a broad range of investment funds, including UCITS and alternative funds, and actively help develop a range of integrated client solutions. SGSS’ full range of trustee and depositary services will include asset safekeeping, cash monitoring and oversight duties. These services will contribute to the on-going implementation in the UK of outsourcing solutions to provide wealth fund managers and asset managers with the full post-trade value-chain from global execution to global custody, extending to full middle-office.

With the industry continuing to evolve in response to regulatory and structural changes and with asset safety and fund compliance at the forefront of investors’ concerns, choosing the right partner is essential. The combination of David Painter’s extensive experience in trustee and depositary services in the UK and SGSS’ global depositary network will provide its’ clients with strong asset protection and robust control processes, alongside the expertise and security of one of Europe’s leading depositary banks.