SGSS wins deal to support QNB in Ireland

Qatar-National-Bank-signQatar National Bank (QNB) has selected Societe Generale Securities Services (SGSS) to service its Ucits umbrella fund. Domiciled in Ireland, the QNB Global Funds ICAV (Irish collective asset-management vehicle) currently includes two sub-funds. The QNB ZyFin India Consumption Ucits ETF, launched in partnership with Indian asset manager ZyFin, is an exchange-traded fund that tracks an index of companies expected to benefit from a rise in consumption-led demand in India. The QNB MENA fund invests in large and mid-cap companies in 11 Arab markets. SGSS will provide fund services to the ICAV to allow the sub-funds to be distributed to investors throughout Europe. The services include fund administration, transfer agency and depositary and custody services. The deal with SGSS was completed by QNB Suisse, a subsidiary of Qatar National Bank. ©2017 funds global mena

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