Societe Generale Johannesburg Branch has voluntarily terminated its participation in Strate’s equity, bonds and money market environments. It ceased to be a full bank participant in the Strate environment with effect from 8 April 2020.

The Societe Generale custody and trustee business has been successfully transitioned to Absa Bank Limited.

Societe Generale has been a Strate client for many years and over that time has played a vital role in the financial markets ecosystem through its participation in market workshops, committees and forums. Its commitment to the testing and implementation of new products and services has been invaluable in assisting Strate to successfully introduce innovations to the market.

We wish Societe Generale great success as it focuses on its new strategic plan.

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