ACS wins new Sub-Saharan Africa investment mandate

Altree Custody Services (ACS) has been mandated in multiple African countries by a large private Foundation to provide custody and portfolio administration services for their family office which is making substantive investments into Sub-Saharan Africa. This mandate results from ACS's ongoing efforts to expand its custody offering in Africa by working with a large subset of family offices and private wealth management groups across the globe. ACS now offers a full range of securities services to a client–base of asset managers and pension funds in South Africa, Europe, the US, the Middle East, Asia and Offshore. ACS's overall offering in Africa now includes both local and global custody, clearing & settlement services across all asset classes, as well as foreign exchange, cash management and other treasury solutions. ACS currently provides securities services in 25 countries across Africa and in over 72 other markets in its global network. ACS activities are headed by Stuart Lacey, Managing Director.