ITG chooses Societe Generale as Egypt settlement agent bank

Source: Societe Generale Securities Services

Societe Generale Securities Services (SGSS) has been appointed by ITG to act as its settlement agent bank in Egypt.

Societe Generale through its subsidiary NSGB has been providing securities services in Egypt for more than 30 years. The bank has over 160 branches and 4,200 staff and is one of the leading commercial banks in Egypt.

SGSS was selected thanks to its flexible IT platform, quality of its staff and a close knowledge of the market. The high quality of its products and services was recognized in the 2011 Global Custodian magazine annual emerging markets survey where it was "top rated" in the domestic client category.

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