SG GSSI, which has more than $1200bn under custody and employs 3800 people in 18 countries, says the move will pull together a range of operations under a single umbrella. It will be attached to the bank’s Global Investment Management and Services (GIMS) group, which includes SG Asset Management and SG Private Banking.
The new group’s activities include those carried out by Fimat, the group’s broker that specialises in listed derivatives, investor services for corporates, asset managers, investment banks, brokers and individual customers, and securities and employee savings services for businesses.
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