SGSS wins mandate from Absa Wealth and Investment Management

Absa Wealth and Investment Management selects Societe Generale for its fully integrated wealth management platform solution.

By Jonathan Watkins

Societe Generale Securities Services (SGSS) will provide Absa Wealth and Investment Management with a fully integrated wealth management platform solution under a new deal.

Absa provides a range of local and international investment solutions including retail, business, corporate and investment banking, wealth management products and services. 

SGSS said the mandate reflects its commitment to its UK business.

“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,” said 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.”

SGSS has won a handful of mandates over the summer, including deals with The National Social Assistance Fund for Chartered Accountants for depositary bank services, UBS La Maison de Gestion for the modules offered by its new front-to-back solution CrossWise and Swisscanto Asset Management International SA for cross-border support services for fund distribution.

From 1 January 2019, SGSS will move forward with new leadership with David Abitbol set to step into Bruno Prigent’s role as head of securities services.