SGSS in Germany Enhances Services for Direct Investors

Societe Generale Securities Services (SGSS GmbH) in Germany has enhanced its administration and accounting service offering for direct investments.

Aimed at institutional investors, these services provide consolidated accounting and reporting services for all types of direct investments.

In response to this growing market need to consolidate data for investment transparency, SGSS says it has adapted and optimised its accounting and reporting system in order to map and collect data as a third-party provider for the entire range of an investor’s investments. Consolidated portfolio data from assets managed directly and externally are then combined into one structure to provide an overall view of the investor’s portfolio positions.

SGSS’s enhanced direct investment administration and accounting services will include centralised reporting for the investor’s entire investment portfolio, as well as performance measurement, performance attribution and risk analysis, in addition to customised reporting. The new accounting services are compliant with both German accounting standards (HGB) and International Financial Reporting Standards (IFRS).