With support from Societe Generale Securities Services (SGSS), Métropole Gestion is among the first French investment firms to apply measures implemented by the FROG* working group by recently converting 7 of its common funds into a French SICAV, an open-ended collective investment company.
As a SICAV, it specifically benefits from a solid framework to protect investors’ interests through a dedicated governance charter. A benchmark of quality among foreign investors, this governance is managed by a board of directors as well as advisory bodies. The transformation also allows the funds to maintain their performance track record since their launch as well as retain their ISIN codes.
SGSS is also fund agent for the SICAV, based on the transfer agent model used by international investors and recommended by the FROG working group, which simplifies the cross-border distribution process by allowing orders to be transferred directly to the agent.
Since its establishment in 2002, SGSS has been providing fund administration, custody and depositary services to Métropole Gestion, as well as local agent services in several European countries for fund distribution, notably Belgium, Italy, Luxembourg, Spain, Switzerland and the UK.
As a pioneer of Value investing in Europe starting in the 1990s, François-Marie Wojcik teamed up with Isabel Levy in 2002 to create Métropole Gestion, one of the first independent French asset management companies to specialise in stock picking (European and euro zone equities), bond picking (euro zone bonds) and diversified portfolio management (convertibles and dedicated funds). Métropole Gestion predominantly targets professional investors.
In France, the company offers its products to institutional investors (pension funds, insurance funds, supplementary insurance companies, insurance companies) and private banks, investment advisors and funds of funds managers. Outside France, Métropole Gestion sells its funds in Switzerland, Benelux, Germany, Austria, Italy, Spain, the UK and Sweden. It is also present in the Middle East.
* FROG Working Group (French Routes and Opportunities Garden) The FROG group, created by the French regulator (Autorité des Marchés Financiers) and the French Asset Management Association (AFG), shares the objective to provide French and foreign asset management firms that have chosen to domicile their investment funds in France with the best possible conditions for international growth.