January 29, 2010
SGSS Completes Migration of All BT Pension Scheme OTC Busines
Société Générale Securities Services (SGSS) has completed the migration of all BT Pension Scheme Management Limited’s OTC business onto the SGSS’ platform.
The BT Pension Fund is the largest pension fund in the UK, with assets of around GBP 35 billion. SGSS provides the Fund with middle office, collateral management, pricing and fund administration for OTC trades.
The awarding of all the BT Pension Fund’s OTC business is a testament to SGSS’ capability in supporting the Fund’s requirements and understanding its business needs.
This migration follows the mandate given to SGSS in 2009 for the de-risking of the BT Pension Fund and the operational processing of its OTC platform.
