Operating as a part of French multinational banking and financial services company Societe Generale, SGSS’ new move will further strengthen its operations in the African continent, where it has already operations in Morocco and Tunisia.
Besides offering custody of Ghanaian equities and bonds and foreign exchange and cash management service, SGSS will also provide services to frontier market funds and others seeking increased exposure to the Ghanaian market.
In a statement, the company said, "Clients benefit from the local knowledge and expertise of a dedicated SGSS team located within SG-SSB, a subsidiary of Societe Generale group, which is directly linked to the pan-African integrated services platform developed by SGSS in South Africa."
The platform will be deployed later in other African countries, according to the asset manager.
SGSS’ expertise and presence in 29 regions will give the African clients the required products and services which will fulfill their specific requirements, both in their home markets as well as in their overseas business.
As at 31 March 2013, SGSS had €479bn of assets under administration and offers securities services, clearing services, custody and trustee services, retail custody services, liquidity management, fund administration and asset servicing.
