Société Générale hands Watsons £300m admin brief
UK - Société Générale (SG) has awarded Watson Wyatt the mandate to take care of all actuarial, investment and administration services for its combined £300m (€488m) UK pension schemes.
SG operates three closed defined benefit (DB) schemes, and one defined contribution (DC) scheme
for all new members.
SG's compensation and benefits manager, Graham Clark, said: "We followed a vigorous process in making this appointment. Watson Wyatt showed real enthusiasm to work with us and demonstrated that they are thought leaders in areas that will be most important to us going forward."
Mark Stewart, a partner at Watson Wyatt's London office who will be leading the Watson Wyatt team said: "SG has high expectations of their advisers and we are very much looking forward to working with them."