With the new trustee offering, SGSS becomes the first foreign bank being a trustee for Collective investment schemes.
SGSS now offers a full range of services to a client-base of asset managers and pension funds in South Africa.
SGSS said its overall offering in the country now includes both local and global custody, clearing & settlement services across all asset classes, as well as securities lending and treasury solutions.
SGSS activities are headed by Hilda de Villiers, head of Trustee and Custody for SGSS in South Africa.
SGSS has been providing local securities services to domestic South African clients for over 20 years. It also provides services for foreign institutions investing in South Africa and accompanies South African clients in their international development, where they have the support of SGSS’s global network and expertise across 80 countries.
