SGSS strengthens its presence in sub-Saharan Africa
SGSS is setting up in Ghana in order to develop its custody services offer in sub-Saharan Africa.
In Ghana, SGSS will provide custody of Ghanaian equities and bonds and a comprehensive foreign exchange and cash management service to a clientele of Ghanaian and foreign investors, frontier market funds and other players looking for increased exposure to the Ghanaian market. 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. This platform will be deployed in other African countries in due course.
This new activity further strengthens SGSS’ presence on the African continent, where, in addition to South Africa, it is also present in Morocco, and Tunisia. More broadly, it underlines SGSS’ ambition to become a major player in the securities services industry throughout Africa, a region which is undergoing rapid expansion, and to accompany clients in their growth and development in new markets across the continent.
Clients in Africa are supported in their development by SGSS’ expertise and presence in 29 locations worldwide and benefit from products and services that meet their specific requirements, both in their domestic markets as well as in their international business.