Societe Generale Securities Services (SGSS) in South Africa has been mandated by Nomura to act as its sub-custody bank in the country.

SGSS has been offering a full range of services to a client–base of asset managers, global custodians, investment banks and broker dealers in South Africa for over 20 years.

Its overall offering in the country now includes both local and global custody, clearing & settlement services across all asset classes, as well as securities lending and treasury solutions.

This mandate further demonstrates SGSS' position as a major securities services player on the African continent, a region which is undergoing rapid growth.

Clients in Africa are supported in their development by SGSS’ expertise and presence in 28 locations worldwide and benefit from products and services that meet their specific requirements.

Nomura is an Asia-based financial services group with an integrated global network spanning over 30 countries.

By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Asset Management, and Wholesale (Global Markets and Investment Banking).