UniCredit Reclaims Securities Services from Societe Generale

UniCredit Bank, the Italian banking group, has regained its securities services unit that was previously owned by Société Générale of France. This move is part of its efforts to bring certain strategic activities in-house and reduce reliance on external suppliers. The unit employs 54 staff and specializes in safekeeping securities and managing related services. Société Générale acquired it in 2006, and the cooperation agreement has been extended until 2026. The transaction was announced as part of the bank's efforts to strengthen control over its operations and improve operational data.

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