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SGSS mandated by BankMuscat

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Societe Generale Securities Services (SGSS) has been mandated by BankMuscat (SAOG), a financial services provider in Oman, to provide its asset management division with fund administration, registrar and transfer agency, domiciliary and custody services in Luxembourg. 

Following a thorough review of service providers in Luxembourg, BankMuscat Asset Management selected SGSS for its ability to provide a complete solution from fund set-up through to essential services for fund operations.

BankMuscat is the largest bank in Oman, with a local market share of 40 per cent, over USD18bn of assets, capital of over USD2bn and a customer base of over 1.2 million. BankMuscat is listed on Muscat, Bahrain and London Stock Exchanges and is rated ‘A1’ by Moody’s and ‘A-’ by Standard & Poor’s.

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