Switzerland-based Baloise Asset Management has selected Societe Generale Securities Services (SGSS) Germany to provide fund administration services for two of its pension funds, managing a total of EUR2.58bn in assets under management.
Under the deal, SGSS will provide standard fund administration services including performance measurement, performance attribution and risk analysis, as well as regulatory reporting services.
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Also, SGSS will provide the two pension funds with master KVG (Kapitalverwaltungsgesellschaft) services, which mainly offer administrative services such as reporting, controlling, accounting, performance measurement and comparison.
Baloise Asset Management is part of Baloise Group, which is a provider of insurance and pensions solutions.
