SGSS pushes UK mid tier solutions
Societe Generale Securities Services (SGSS) is targeting mid tier UK wealth and investment managers with an outsourcing solution that works from the front to the back office environment.
The platform is intended to provide integrated execution services and liquidity support, middle & back-office services, segregated portfolio processing, master books and records, multi-product clearing and settlement processing, global settlement and local custody with multi-currency capabilities, and fund administration services. The solution has been developed together with IT specialist JHC.
SGSS said that the mid tier was being targeted because it often faced particular service and cost challenges.
Additional services on offer via the platform include FX services, liquidity and securities lending, asset servicing and reporting services, and risk and regulatory reporting.