Societe Generale Securities Services (SGSS) is to strengthen the custody hub it created in Athens in June 2006 and expand its agent bank services offered to the Cyprus Stock Exchange.
“By combining the know-how of our team of experts in Athens and the geographic proximity of these markets which are all situated in a narrow range of time zones, we can offer clients easy access to a whole new range of markets and growing opportunities,” says Etienne Deniau, the Deputy Head of SGSS Investor Services.
“These developments are indicative of the efforts towards harmonisation and concentration that are taking place in the region,” adds Panagiotis Papapetrou, the Head of SGSS Investor Services in Athens. “These countries are now accessible via a single euro-denominated entry point and we can provide our clients with a consolidated statement showing all their assets in a single currency.”