Deals

Legae Peresec Domestic Custody and Futures Clearing

Mar 31, 2019

Standard Bank has been awarded the mandate to provide custodial and futures clearing services for South Africa’s largest stockbroker, Legae Peresec.

Legae Peresec is South Africa’s oldest black stockbroker and a market-leading financial services firm that provides a comprehensive range of trading, custodial and prime broking services in South Africa.

Legae Peresec was formed when Legae Securities and Peregrine Securities concluded a merger in February 2019. At the time, Legae Peresec had the largest market share on the Johannesburg Stock Exchange (JSE) and derivatives markets, both in terms of value traded and volume. Owned by a broad-based BEE consortium and management, the firm is majority black owned and managed and has over 30% female ownership.

Standard Bank is a leader in the South African  asset servicing industry This is underscored by our highly experienced team, consistent investment in technology solutions, the right people to support our client franchise and our commitment to developing capital markets in Africa.

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