Societe Generale Securities Services partners with Societe Generale Cameroun
Societe Generale Securities Services (SGSS) extends its securities custody and issuer services offer in Africa with the support of Societe Generale Cameroun, the Group’s subsidiary.
Present in that country for over 50 years, Societe Generale Cameroun is a leading player on Cameroon’s banking market that also offers numerous financial services within the Central African Economic and Monetary Community (CAEMC1).
This new securities services platform will allow the bank to strengthen its activities aimed at a local and international client base of institutional investors and to develop its offering on CAEMC markets.
Societe Generale Cameroun and SGSS now provide securities custody services from this local platform. Connected to the SWIFT interbank network, the objective is to offer the best international standards in terms of managing instructions and securities operations. A dedicated offer to issuer services for Cameroonian businesses is also available.
This enhanced offer will use the knowledge of Societe Generale’s local teams and SGSS’ securities expertise to provide the best custody solutions.
The expansion of these services to Cameroon further enhances SGSS’ footprint in Africa, as it already provides its services in Morocco, in Tunisia and in the West African Economic and Monetary Union (WAEMU2).
1 The six CAEMC member states are: Cameroon, Central African Republic, Republic of the Congo, Gabon, Equatorial Guinea and Chad.
2 The eight WAEMU member states are: Benin, Burkina Faso, Ivory Coast, Guinea-Bissau, Mali, Niger, Senegal and Togo