SGSS joins Africa and Middle East Central Depositories Association
SGSS has become an Associate Member of the Africa and Middle East Central Depositories Association (AMEDA).
Established in April 2005, AMEDA is a non-profit organization comprised of Central Securities Depositories (CSD) and Clearing Houses in Africa and the Middle East. Its main objective is to act as a forum for the exchange of information among its members and to promote best practices in services such as securities depository, clearing, settlement, and risk management.
AMEDA's goal is also to support local markets in their efforts to adopt securities market regulations and to help them bring their operational standards and procedures into line with international standards and regulations, while taking account of their specific circumstances, and to serve as a channel for dialogue with other organisations worldwide.
A global custodian with a direct presence in 29 locations worldwide, SGSS works closely with AMEDA and shares its recognised experience and expertise in the international securities services industry to support the organisation in its objectives.
This proximity to local CSDs and clearing houses ensures that SGSS is at the forefront of national and regional developments in the industry, helping these players to understand and recognise the challenges of the international environment. SGSS is thus able to accompany its clients in African and Middle Eastern countries in their own growth, by providing products and services which correspond to their specific requirements in the context of their individual markets.