Societe Generale Securities Services in Italy has been selected by Clessidra Private Equity SGR, a company in the Italian private equity fund management market, to provide depositary bank services for the new reserved closed-end alternative investment fund called Clessidra Capital Partners 4.

“We are very pleased to have started the collaboration with Clessidra SGR and to accompany the company in its strategic role of supporting the excellence of the Italian mid-market and, we are sure, its future growth. The assignment given to us for the Clessidra Capital Partners 4 fund confirms SGSS S.p.A.'s attention and commitment to the alternative funds segment, which represents one of the pillars of our strategy”, commented Marco Mosca, Head of Coverage, Marketing & Solutions of Societe Generale Securities Services in Italy.

SGSS in Italy, the Italian subsidiary of Societe Generale, is a key player in the securities services industry. It provides post-trade services to institutional investors: custody and settlement, depositary and fund administration services, middle office, liquidity management, transfer agent and risk & performance management.