R38 Billion merger for GTC
The merger of Brockhouse Cooper SA and Bolus & Bolus into GTC will see the business’ assets under management increase to R38bn, staff increase to over 100 with offices in three major cities in South Africa. This merger further enhances capability, gives clients access to a broader range of financial services. Client complement increases to over 2 500 private clients; and some 100 000 retirement fund members. 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... Read More
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
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:... Read More
