Credit Suisse outsources German fund admin to SocGen

"Outsourcing", though, may be a bit misleading in regard to the nature of the deal, as the text also says "As part of the new set up, SGSS will acquire the legal structure of Credit Suisse's Asset Management Kapitalanlagegesellschaft mbH which it will incorporate into its existing local structure, SGSS Deutschland KAG mbH."

This move underlines once again the strong trend to hand out the mechanical side of the KAG operational tasks to specialized service entities.