SGSS in South Africa mandated by Peregrine Equities (Pty) Ltd
Societe Generale Securities Services (SGSS) in South Africa has been mandated by Peregrine Equities (Pty) Ltd, part of the Peregrine Group, to provide them with custody services.
SGSS has an excellent track record with entities in the Peregrine Group. It already provides securities lending and borrowing and global custody services to Peregrine Equities (Pty) Ltd, as well as futures clearing services to Peregrine Derivatives (Pty) Ltd. The new mandate recognises SGSS proven expertise and its capacity to consolidate these new custody services in its existing relationship with Peregrine’s teams, who will also benefit from SGSS global presence and access to international markets, alongside its strong historical commitment to South Africa.
SGSS offers a full range of services to a client–base of asset managers, global custodians, investment banks and broker dealers in South Africa. Its overall offering in the country now includes both local and global custody, clearing & settlement services across all asset classes, as well as securities lending and treasury solutions.
Peregrine Securities is a member of the Johannesburg Stock Exchange with access to the equities, equity derivatives, bonds, commodity derivatives and current derivatives markets. Its subsidiary, Peregrine Equities, houses one of the country’s largest stock-broking operations and the prime services business currently deals with around a third of hedge funds in the country. The company is ranked within the top 10 JSE equity brokers by volume and deals processed (JSE Stats), testament to an operation that is geared to cater for high frequency trading supported by world-class technology and connectivity.