SocGen Securities Services deploys Misys Summit FT

SocGen Securities Services deploys Misys Summit FT

Société Générale Securities Services (SGSS) has gone live with Misys' Summit FT treasury system to support its asset servicing and custody services business in Paris.

Misys says SGSS installed Summit FT to unify systems across its fund administration and asset servicing (middle office) as well as custody depository and trustee services (back office) businesses.

The bank has also rolled out Misys' software platform for pricing and managing exotic OTC derivatives, hybrid and structured products, Summit Must.

Serge Jacqueline, head, fund administration and asset servicing, SGSS, says: "Unifying our middle and back office platforms with Misys Summit FT will create real-time processing in the business with much stronger collateral tracking and valuation helping us create strong returns for client firms currently using the service."

Earlier this week, Société Générale announced plans to introduce Misys' asset liability management and funds transfer pricing technology across its retail banking division.

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