European Bank for Financial Services (ebase) has chosen Societe Generale Securities Services (SGSS) in Germany and MFEX Mutual Fund Exchange AB for their brokerage, custody and trailer fee management services.

Under the mandate, MFEX and SGSS will provide services for several thousand funds and will process hundreds of thousands of fund trades each year.[PARA]

Christian Wutz, Head of Coverage, Marketing and Solutions at SGSS in Germany, says:

"This new mandate is a significant step for SGSS on the German market, as it reinforces our role as global custodian in Germany. Our innovative and comprehensive range of services will be a key asset for ebase to support its ambitions for profitable growth.

"Our approach with MFEX is in line with SGSS's platform strategy to integrate the services of various providers to offer our clients best of class modular solutions and products."

Steffen Ahlers, CEO and Managing Director MFEX Asia, is pleased: "This is a promising start to a long and successful partnership with strong growth potential in Germany and beyond. We will support ebase with our B2B solutions which will lead to synergies in the B2B2C segment.

"For MFEX, a global fund platform with Swedish origins, partnerships with SGSS and ebase are embedded in MFEX's growth strategy and it represents a continuous expansion of our product range that we offer in existing and new markets."

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European Bank for Financial Services (ebase) has chosen Societe Generale Securities Services (SGSS) in Germany and MFEX Mutual Fund Exchange AB for their brokerage, custody and trailer fee management services.

Under the mandate, MFEX and SGSS will provide services for several thousand funds and will process hundreds of thousands of fund trades each year.[PARA]

Christian Wutz, Head of Coverage, Marketing and Solutions at SGSS in Germany, says:

"This new mandate is a significant step for SGSS on the German market, as it reinforces our role as global custodian in Germany. Our innovative and comprehensive range of services will be a key asset for ebase to support its ambitions for profitable growth.

"Our approach with MFEX is in line with SGSS's platform strategy to integrate the services of various providers to offer our clients best of class modular solutions and products."

Steffen Ahlers, CEO and Managing Director MFEX Asia, is pleased: "This is a promising start to a long and successful partnership with strong growth potential in Germany and beyond. We will support ebase with our B2B solutions which will lead to synergies in the B2B2C segment.

"For MFEX, a global fund platform with Swedish origins, partnerships with SGSS and ebase are embedded in MFEX's growth strategy and it represents a continuous expansion of our product range that we offer in existing and new markets."