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GTC Press Release

GTC wins PMR Golden Arrow Award for superior employee benefits administration

December 2014 GTC received a PMR Golden Arrow award for excellence in the category medium sized (defined as servicing up to 100 000 members) pension fund administrators and consultants. The award was presented by consulting, research and risk management company PMR to the financial advisory business GTC at a prestigious ceremony held during December 2014. “We’re delighted to receive this accolade which further endorses our superior employee benefits administration and advisory business,” says Gary Mockler, Group CEO of GTC. “The award mirrors our own internal client satisfaction index which measures 94% overall client satisfaction at this time – a standard we are proud of!” The PMR survey on South African Pension Fund Administrators, Consultants, Product Providers and Insurers requires a national sample of 200 respondents, comprising principal officers, trustees or consulting actuaries to rate administrator and consultant nominees according to...
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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...
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Grant Thornton Capital announces strategic acquisition of First Light Administration Services

13 October 2011  Grant Thornton Capital, one of the country’s leading independent financial advisory businesses for over 20 years and a subsidiary of Grant Thornton South Africa, has announced the total acquisition of First Light Administration Services (First Light), formerly a wholly owned subsidiary of Sekunjalo Investments, a JSE listed company. First Light, established 11 years ago, is a well-known retirement fund administrator providing services to listed and privately owned employers.  The company will integrate into Grant Thornton Capital’s employee benefits division, specifically into the retirement fund administration business. “The acquisition of First Light sees Grant Thornton Capital being the administrators to over 80 000 member records,” says Gary Mockler, executive chairman of Grant Thornton Capital. “This accounts for over 300 participating employers with assets of some R6bn under management and administration.” Bruce Knight, managing director of First Light, says:...
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