SGSS expands African presence 25 November 2014Paris Reporter: Stephen Durham
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Societe Generale Securities Services (SGSS) has extended its South African custody hub to Mauritius by becoming the first remote participant to receive approval from the Mauritius Financial Services Commission to provide comprehensive custody services in the country.
These services will be provided in Mauritius through SGSS's custody hub in Johannesburg, backed by dedicated teams with extensive experience and expertise in the 11 African markets in which SGSS is present.
SGSS’s pan-African integrated custody platform has been successfully connected to Mauritius’s Central Depository and Settlement, the result of close cooperation between SGSS and the Mauritius regulatory authorities to amend local legislation and allow a remote custodian to participate in the market.
SGSS offers a full range of securities services in South Africa to a broad client–base of asset managers, global custodians, investment banks and broker dealers.
The overall offering in the country now includes both local and global custody, clearing and settlement services across all asset classes, as well as securities lending and treasury solutions.
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