Copying and distributing are prohibited without permission of the publisher 11 July 2013
Deal expands firms' global partnership
Read more: Peregrine Societe Generale SS custody securities lending
Peregrine Equities has appointed Societe Generale Securities Services to provide custody services in South Africa.
The deal furthers the partnership between the two firms, as Societe Generale provides securities lending, borrowing and global custody services to Peregrine Equities. Societe Generale also provides futures clearing for Peregrine Derivatives.
Societe Generale said the mandate would allow Peregrine to consolidate its existing custody services as well as benefiting from Societe Generale's global capabilities and access to markets. Societe Generale added its expansion in South Africa now offered securities lending and treasury services, as well as local and global custody, clearing and settlement services across all asset classes.
Peregrine Equities, part of Peregrine Securities, is one of South Africa's largest stock-broker and prime services businesses.
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