Societe Generale Securities Services (SGSS) has been mandated by Repsol in Spain
Posted 9 January 2012 - 3:15pm by Fundamentals magazine
SGSS has been mandated by Repsol, the Spanish global energy company, to provide administration services for the International Executive Stock Plan and to act as the agent bank and settlement provider for the Employee Stock Plan. Both Plans were launched by the Company in 2011.
SGSS was first selected in May 2011, to provide a global administration solution for the Repsol Executive Stock Plan. In October 2011, SGSS was selected again by Repsol but in this case to provide agency and settlement services for Repsol Employee Stock Plan.
SGSS has a recognised experience of managing international employee plans, of its state of the art technology that provides clients with performing web tool and the competitiveness of its offering.
SGSS in Spain has been offering securities services (including clearing and settlement, custody and trustee services, asset services, fund distribution services, liquidity management and global issuer services) to top Spanish and international financial institutions for over 40 years and is one of the leading foreign banks in settlement volumes on Iberclear Spain, settling between 8% and 10% of market trades.
Repsol is a global energy company that is active in the hydrocarbon sector (exploration and production, refining and marketing) in over 30 countries. It has a workforce of over 40,000 people from 70 different nationalities. It is one of the world’s largest private oil companies and the largest energy company in Latin America.