SGSS sets up in Bulgaria
Societe Generale Securities Services (SGSS) is setting up in Bulgaria in order to develop its custody and trustee services offer and enhance its presence in Eastern Europe.
Located in Sofia within Societe Generale Expressbank, a subsidiary of Societe Generale group, SGSS is on the way to provide a new custody platform fully in line with international standards. This platform will allow SGSS to provide custody services in Bulgaria to a clientele of local and international institutional investors.
More broadly, this new site in Bulgaria, where Societe Generale is one of the leading financial institutions, further capitalises on the Group’s strong historical presence in Central and Eastern Europe (CEE) and is a step in SGSS’ strategy to become a major player in the region. The securities services industry in CEE is undergoing rapid growth and SGSS already provides a comprehensive range of high quality products and services to clients in Croatia, Czech Republic, Romania, Russia, Serbia, Poland and Slovenia.
This newly enlarged network benefits from SGSS’ expertise and presence in 29 locations around the world to provide products and services that meet the specific requirements of its international and local clients, helping them develop both on their domestic markets and internationally.