Stock broking and derivatives businesses merge with GTC, bringing additional trading capabilities to an established financial services business
11 November 2014 GTC, one of the country’s leading financial advisory businesses for more than 23 years, has purchased a majority shareholding in each of Brockhouse Cooper SA and Bolus & Bolus. Brockhouse Cooper SA will be renamed as GTC Securities whilst Bolus & Bolus will become GTC Derivatives creating key stock broking specialisations within the GTC Group. Senior management will remain the same in both businesses going forward. Prior to joining GTC, Brockhouse Cooper and Bolus & Bolus provided equities and derivatives trading services for the past 18 years to institutional and private clients on the JSE Securities Exchange and on the Namibian Stock Exchange. The merger will see GTC’s assets under management increase to R26 billion, with more than 100 staff operating from national offices based in Johannesburg, Cape Town and Durban. Within its capabilities, the diversified financial... Read More
