The Global Kapital Group (GKG) has acquired Maru Asset Managers, a South Africa-based financial service provider licensed by the Financial Sector Conduct Authority (FSCA), from KIG BV, the Dutch affiliate of the Global Kapital Group (GKG).
With the purchase officially announced on Monday, the brokerage firm has entered Africa’s second-largest economy.
Conquering Africa
Furthermore, as part of its continent-wide growth plan, the firm stated that it was involved. In May, the organization obtained a Financial Services Commission Investment Dealer License from Mauritius.
“We’re happy about the prospect of growing our global presence in South Africa,” said Gökhan Erkiralp, CEO of KIG BV. “We’re excited by the potential for growth in South Africa, where the country’s fast-increasing population and local market presence provide a significant opportunity. South Africa is also the major financial center on the African continent, offering potential to further expand our business.”
Maru is a South African asset management business that GKG has recently acquired. It provides institutional investment services to the equities market.
The group will be able to provide intermediation services for shares, money market instruments, debentures, and securitized debt, warrants, certificates, and other securities to South African investors as a result of
The acquisition added a license for bonds, derivative instruments, collective investment arrangements, as well as long- and short-term deposits to KIG BV’s offerings in Africa.
“KIG BV is committing to creating a more inclusive, innovative, and stronger approach to global financial markets. We’ve already established ourselves in Mauritius with the GK Trade International, and today’s acquisition is another step toward that goal. Our group will continue to expand in order to increase its worldwide presence and offerings.”
The firm is also planning to expand into other areas, including Asia and Latin America. Furthermore, the organization is increasing its presence in most of the major global markets.
The company has entered the United States and Australia with two acquisitions this year. It has increased its Turkish asset portfolio by purchasing a local multi-asset broker, Isik Menk.
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