Because both firms have agreed to work together on a long-term basis, the worldwide fund the best trading platform UK
operations that are now being conducted by Societe Generale's Securities Services in Luxembourg are going to be moved to the MFEX distribution platform.

As part of the arrangement, the FinTech company MFEX, which has its headquarters in Stockholm, will be in charge of managing best trading platform UK review fund services, which are presently being handled by Societe Generale Luxembourg. MFEX will also include the present team that is working on these tasks as part of its operations.

Mathieu Maurier, the country manager for Societe Generale Securities Capabilities (SGSS) in the Grand Duchy, stated that the move will "enrich its worldwide offering" for asset managers and financial institutions by utilising the international fund distribution services offered by MFEX.

Over the course of the past several years, the two companies have worked together in the past. This relationship constitutes "a natural continuation," according to the co-chief executive officer of MFEX. According to him, this would also make MFEX's presence more prominent in Luxembourg.

According to Maurier, SGSS would keep giving the same worldwide service to its customers, combining the "know-how" that it already possessed with the competence that MFEX possessed.

SGSS, which is one of the major custodians in Europe, is present in 26 locations throughout the world and has €629 million worth of assets under administration.

MFEX provides services in 51 countries and gives customers access to more than 70,000 different funds.

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