SGSS extends custody network in Africa

Ghanian womenSociete Generale Securities Services (SGSS) is setting up in Ghana to provide custody of Ghanaian equities and bonds as well as foreign exchange and cash management services.

The company will target Ghanaian and foreign investors, frontier market funds and other players looking for increased exposure to the Ghanaian market.

The move seems to reflect a growing interest in Africa as a place to base financial operations, rather than merely an investment destination. SGSS is already present in South Africa, Morocco and Tunisia.

In a statement, the securities services provider says SG-SSB, a subsidiary of Societe Generale group, is directly linked to the pan-African integrated services platform developed by SGSS in South Africa.

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