Societe Generale Securities Services GmbH (SGSS) in Germany has improved its administration and accounting services for direct investments, in response to a growth in the market and drive towards greater transparency.
The service is aimed at institutional investors, and includes solutions for consolidated accounting and reporting and financial security.
According to SGSS, direct investment has increased in popularity among asset owners as they diversify asset allocation and improve risk management. For the sake of transparency, they are also consolidating services and mapping and collecting more data.
The new services allow portfolio data to be consolidated, with assets managed both directly and externally to be combined in to a single structure, providing the investor with an overall view of portfolio positions.
It will include centralised reporting for the portfolio, as well as performance management, performance attribution, risk analysis and customised reporting.
The new services are compliant with both German accounting standards and International Financial Reporting Standards.
Christian Wutz, managing director of SGSS GmbH, said: "With asset allocation becoming more complex and diversified, investors are realising they need to increase oversight of their assets and portfolio performance.”
“We are confident that we have created unique added-value for institutional investors and met a growing market need with our enhanced direct investment administration and accounting services, based on a combination of both fund administration and reporting expertise that SGSS GmbH has been providing in Germany for over 50 years."
