Societe Generale Securities Services (SGSS) has rolled out a new outsourcing service aimed at institutional brokers, mid-tier banks and broker-dealers.
The Broker-Dealer Services (BDS) outsourcing solution includes middle-office services, back-office processing and post-trade services.
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The firm has launched the new solution following an increasing market demand from independent mid-tier brokers who wish to lower their production costs.
The service also targets groups including family offices, wealth managers, advisers and private banks with a focus on the retail market.
Moreover, the solution includes a range of utility functions, including execution, liquidity support, middle and back-office processes, as well as core securities processing and asset servicing.
SGSS is also teaming up with service affiliate back-office provider Accenture Post-Trade Processing (APTP) to streamline the group’s scale and efficiency as well as allow the mid-tier market to benefit from significant operational efficiencies.
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By GlobalDataJason Nabi, head of financial institutions & brokers for the UK at SGSS, said: "Mid-tier sell-side firms face a growing challenge to maintain and sustain their business. By outsourcing their full post-trade processes, clients become much more agile in terms of costs and set-up and can thus focus on growth and end-clients’ increasing needs."
