Societe Generale to assist PSG in wealth management
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Societe Generale to assist PSG in wealth management 06 October 2015 Bellville Reporter: Drew Nicol
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Societe Generale Securities Services (SGSS) has been mandated by PSG Wealth, to provide an execution and investment administration solution for its foreign assets.
PSG Wealth, the financial management business of South African financial services group PSG Konsult, aims to use SGSS to support the end-investors of its direct-to-client online wealth and broker-dealer platforms.
SGSS was selected by PSG for its capacity to engage very specific target audiences and provide a tailored, turnkey wealth and investment management solution.
”The need to ensure the sustainability of their operating models is pushing managers and brokers to drive down trade execution fees and carefully outsource investment operations,” explained Michael Le Garignon, head of sales, business development and relationship management at SGSS UK.
“At SGSS, our objective is to help our clients grow through adapting their operations to cope with scale, operating risk and regulatory changes.”
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