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Absa appoints SGSS to provide wealth management platform solution

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Absa Wealth and Investment Management (Absa) has appointed Societe Generale Securities Services (SGSS) to provide a fully integrated wealth management platform solution, tailored to meet its clients’ global investment needs.

Absa provides a comprehensive range of local and international investment solutions including retail, business, corporate and investment banking, wealth management products and services. This mandate reflects a significant commitment to the SGSS business in the UK.
 
The SGSS platform is highly automated and provides a comprehensive front to back office solution from dealing to custody, combined with client and advisor digital tools. SGSS will deliver the services centrally from its UK office supported by its extensive global network of centres of excellence.
 
“We believe that our offshore value proposition is best in class. It allows our clients seamless reporting of all their offshore holdings, across geography, currencies and asset classes, all done on an open architecture basis in one seamless portfolio and client statement,” says Winston Monale, Managing Executive for Absa Wealth Management.
 
“The platform also enables our clients access on a real-time basis of their investment portfolio, including, offshore capital and non-capital protected structured products and offshore multi-managed solutions – all within a click of a button,” he adds.   
 
“We are delighted to be building on our relationship with Absa for the provision of Wealth Management Outsourcing Solutions. Absa is a significant client for our business and we are pleased that they have shown their trust and commitment to SGSS.  This deal also demonstrates the ongoing investment and our long-term commitment to the Securities Services business in the UK” comments Bertrand Blanchard, Country Head for SGSS UK.

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