Standard Chartered in Egypt mandates SocGen 26 October 2010Paris Reporter: Justin Lawson
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Societe Generale Securities Services (SGSS) has been mandated by Standard Chartered to provide custody services for its proprietary and client assets in Egypt.
Acting as a sub-custodian, SGSS will provide a wide range of securities-related products, including custody and settlement.
SGSS' newly-established custody platform in Egypt builds on the vast experience of Societe Generale group in the country, where the bank has been providing custody services to domestic clients throughout its 30-year presence.
The recent addition of Egypt to the network of markets where SGSS now provides sub-custody services to international clients further confirms its commitment to North Africa, where it is already a leading sub-custodian in Morocco.
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