Published: September 20, 2019
Legae Peresec makes a splash in South Africa’s securities market
Legae Peresec, the newly formed securities trading business, is poised to shake up the South African securities marketplace, following a landmark black economic empowerment deal.
In February this year, South Africa welcomed a major new entrant onto its securities marketplace. Legae Peresec, formed from a merger between Peregrine Securities and Legae Securities, instantly became the largest securities trading business in South Africa, eclipsing the market value of its nearest competitors.
“Legae Peresec is better positioned [than its constituent firms] in terms of capital, size, client base, resource capability and product offering,” the Legae Peresec management tells EMEA Finance. “Our strategy is to further grow the business and continuously be on the edge of innovation, enabling us to offer cutting-edge products and services to existing and future clients.”