SAVCA 2017 Case Study Compendium

Asset Servicing

Consumer data can improve investment decisions

Author: Africa Global Funds | Date: 2017-06-20

Combining top down data such as GDP with bottom up data such as consumer confidence can yield to better investment decisions in Africa, according to a whitepaper report by KASI Insight.

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Exotix rebrands and creates RAD division

Author: Africa Global Funds | Date: 2017-06-15

Exotix, a frontier and emerging markets investment firm, has created a Research, Analytics & Data (RAD) division to expand and enhance the insights and services it provides to clients.

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Alexander Forbes acquires majority stake in AAC

Author: Africa Global Funds | Date: 2017-06-14

Alexander Forbes Group Holdings has acquired a significant stake in African Actuarial Consultants (AAC), one of the largest independent actuarial consultancies based in Zimbabwe with a growing presence in the region.

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Capital Appreciation acquires Synthesis

Author: Africa Global Funds | Date: 2017-05-25

Synthesis Software Technologies, a specialised financial technology company that provides software development, consulting and integration services to financial institutions, has been acquired by JSE-listed Capital Appreciation.

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SGG Group acquires CIM Global Business

Author: Africa Global Funds | Date: 2017-03-20

SGG Group, a provider of administrative and accounting solutions for investment funds, multinational corporations and family offices, has acquired CIM Global Business in Mauritius.

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deVere gets investment banking licence

Author: Africa Global Funds | Date: 2017-03-06

deVere Group, one of the world’s largest independent financial advisory organizations, has received an investment banking licence, just six weeks after launching its own private bank.

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Preqin Solutions launched

Author: Africa Global Funds | Date: 2017-02-16

Preqin, a source of alternative assets data and intelligence, has launched Preqin Solutions, a cloud-based tool that streamlines the portfolio management process for private capital fund managers and investors.

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Alpha Exchange adds MiFID II toolkit

Author: Anna Lyudvig | Date: 2017-02-07

Alpha Exchange, an institutional research and knowledge sharing platform, has released a sophisticated MiFID II toolkit comprising firm-wide research tracking and evaluation tools.

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Standard Bank partners with R3

Author: Africa Global Funds | Date: 2017-01-30

Standard Bank has partnered with R3, a financial innovation firm that leads a consortium partnership with financial institutions to design and deliver advanced distributed ledger technologies to the global financial markets.

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Sanlam selects FlexTRADER EMS

Author: Africa Global Funds | Date: 2017-01-23

South Africa’s Sanlam Investments has chosen the FlexTRADER EMS to facilitate global cross asset trading alongside FlexAlert for real-time iOS and Android mobile notifications.

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Abraaj selects Ravn’s cognitive search platform

Author: Africa Global Funds | Date: 2016-12-14

The Abraaj Group has deployed RAVN Connect Enterprise to bring about long-term transformation of its approaches to knowledge management and firm-wide collaboration across 20 offices.

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Bowmans opens office in Tanzania

Author: Africa Global Funds | Date: 2016-12-13

Pan-African law firm Bowmans has announced the opening of a new office in Dar es Salaam, Tanzania, with effect from January 2017.

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Sanne Group acquires IFS for $127.3m

Author: Africa Global Funds | Date: 2016-11-30

Sanne Group has agreed to acquire 100% of International Financial Services and IFS Trustees (IFS), a Mauritius-based provider of fund and corporate administration services to corporates and alternative asset managers, for $127.3m.

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FXCM opens Johannesburg office

Author: None | Date: 2016-11-23

FXCM, an online provider of foreign exchange (FX) trading, Contract for Difference (CFD) and related services, has announced the opening of its newest office, FXCM South Africa, based in Johannesburg.

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EFG Hermes, Saxo Bank integrate trading platforms

Author: Africa Global Funds | Date: 2016-11-16

EFG Hermes and Saxo Bank have signed a strategic partnership agreement, which will enable full integration of Saxo Bank’s SaxoTraderGO platform with EFG Hermes’ new online trading platform, EFG Hermes One.

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Preqin acquires Baxon Solutions

Author: Africa Global Funds | Date: 2016-11-08

Preqin, an alternative assets industry’s source of data and intelligence, has acquired Baxon Solutions, a provider of cloud-based private equity monitoring tools.

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Objectway opens office in South Africa

Author: Africa Global Funds | Date: 2016-10-06

Objectway, a provider of investment management and digital software solutions to the worldwide financial services industry, has opened regional headquarters in South Africa.

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IRESS to acquire INET BFA from Media24

Author: Africa Global Funds | Date: 2016-09-15

IRESS, a supplier of technology for financial markets, wealth management and the mortgage industry, has agreed to acquire INET BFA, a financial data business owned by South African publisher Media 24.

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Mazars acquires Corality

Author: Africa Global Funds | Date: 2016-09-09

Mazars, a global firm specializing in audit, accounting, tax and advisory services, has acquired Corality Financial Group (Corality), a financial modelling consultancy and training provider.

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Deloitte focuses on Africa expansion

Author: Africa Global Funds | Date: 2016-09-09

Africa remains a high priority for Deloitte and is one of 11 priority markets in the world, according to Lwazi Bam, Deloitte Africa CEO.

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StanChart unlocks USD liquidity for Access Bank in Nigeria

Author: Africa Global Funds | Date: 2016-08-18

Standard Chartered has executed a USD/NGN15m 1-year cross-currency swap for Access Bank, leveraging a custom guarantee issued by Frontclear, a financial markets development company backed by leading European development finance institutions.

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Norton Rose and GI Hub launch PPP risk allocation tool

Author: Africa Global Funds | Date: 2016-08-16

Norton Rose Fulbright and the Global Infrastructure Hub (GI Hub), have launched a tool for governments and stakeholders in developing economies to assist in building a pipeline of viable public-private partnership (PPP) infrastructure projects.

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BCA Research launches EM Equity Sector Strategy service

Author: Anna Lyudvig | Date: 2016-08-12

BCA Research, a provider of independent investment research, has launched EM Equity Sector Strategy (EMES), a new service that provides investors with actionable research, analytics and investment recommendations within the emerging markets equities space.

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Cim Global Business opens office in Johannesburg

Author: Africa Global Funds | Date: 2016-07-28

Cim Global Business, Mauritius’ largest fund administrator and provider of corporate and trust structuring and administration services, has opened a representative office in Johannesburg, adding an on-the-ground African capability.

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JSE moves to T+3

Author: Anna Lyudvig | Date: 2016-07-12

The Johannesburg Stock Exchange (JSE) has completed its move to a shorter settlement cycle to bolster the credibility of South Africa as an investment destination.

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TMF Group launches CRS services

Author: Africa Global Funds | Date: 2016-07-07

TMF Group, a provider of global business services, has launched Common Reporting Standard (CRS) services to assist financial institutions fulfil increased compliance requirements.

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Duet implements Eze Software investment suite

Author: Africa Global Funds | Date: 2016-06-28

Duet Group, a global alternative asset manager with more than $5.6bn in assets under management, has completed the roll-out of Eze Software Investment Suite across its front-, middle- and back-office operations.

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BNP Paribas Securities Services launches ESG Risk Analytics

Author: Africa Global Funds | Date: 2016-06-24

BNP Paribas Securities Services, a global custodian with $9trn in assets under custody, has launched ESG Risk Analytics, an innovative solution which enables clients to integrate Environmental, Social and Corporate Governance factors more easily into their investment decision-making process.

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BLC Chambers merges with Etude Robert

Author: Africa Global Funds | Date: 2016-06-14

BLC Chambers, a Mauritian legal firm, has announced the merger with Etude Robert, pooling up competences within the dispute resolution practice area for a diverse and growing client base in Mauritius and beyond.

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WellsFaber merges with MFS

Author: Africa Global Funds | Date: 2016-04-12

Financial services company WellsFaber has formally merged with Mazars Financial Services (MFS) to form an independent financial services provider with over 30 years’ experience and a client portfolio worth some R2.6bn.

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Africa lawyers on demand service launched

Author: Africa Global Funds | Date: 2016-04-07

Imani has launched Africa's first full-scale lawyers on demand service, offering tailored legal solutions across the African continent and across economic sectors.

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UNECA launches African country profiles

Author: Africa Global Funds | Date: 2016-04-05

The United Nations Economic Commission for Africa has launched the Economic Commission of Africa's Country Profiles for 20 African nations, covering not only economic and social performance, but also analysis of the most pressing transformational issues and policies.

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Nomura moves to South Africa

Author: Africa Global Funds | Date: 2016-03-22

Asia’s global investment bank, Nomura has announced its plans to establish a branch in South Africa on April 4, 2016, to provide local and international clients with investment banking services in the country.

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Sanne to acquire SA fund administration business

Author: Africa Global Funds | Date: 2016-03-15

Sanne Group has announced it will acquire IDS Fund Services (IDS), an independent South African based provider of outsourced investment administration services to the asset management industry, with a particular focus on hedge fund clients.

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Strate to provide LEI Services in South Africa

Author: Africa Global Funds | Date: 2016-02-10

Strate, a licensed CSD that provides post-trade products and services to the financial markets, has received the endorsement from the Regulatory Oversight Committee to offer Legal Entity Identifier (LEI) services in South Africa.

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INDATA launches compliance-as-a-service offering

Author: Africa Global Funds | Date: 2016-02-02

INDATA, a provider of software, technology and services for buy-side firms delivered via its iPM Epic platform, has launched a Compliance-as-a-Service offering which includes a global shareholder disclosure service leveraging legal content from aosphere LLP, an affiliate of Allen & Overy.

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CEPRES launches platform for PE beta risk analysis

Author: Anna Lyudvig | Date: 2016-02-01

СEPRES, a New York based fintech company, has unveiled a new release of PE.Analyzer, a software platform that now also calculates beta risk of private equity markets, something never before available for investors and fund managers.

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Wolters Kluwer to provide risk solutions to Egyptian HDB

Author: Africa Global Funds | Date: 2016-01-26

Housing and Development Bank (HDB), an Egypt-based commercial and investment bank that is approximately 60% state owned, has selected Wolters Kluwer Financial Services to provide its risk, regulatory reporting and operational risk software solutions.

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Maitland announces AIFM for PERE

Author: Africa Global Funds | Date: 2016-01-21

Maitland, a global advisory and fund administration firm, has announced that it is now able to act as an alternative investment fund manager (AIFM) for private equity and real estate (PERE) alternative investment funds.

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SS&C updates HiPortfolio

Author: Africa Global Funds | Date: 2016-01-13

SS&C Technologies, a global provider of financial services software and software-enabled services, has announced the latest release of HiPortfolio, an investment accounting and asset servicing software.

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Rasmala selects Profile's IMSplus to advance its operations

Author: Africa Global Funds | Date: 2015-12-16

Rasmala, a London-headquartered independent investment manager, has selected IMSplus, an investment management platform from Profile Software, to improve operational efficiency, flexibility and competitive approach across investment management transactions.

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Cross-border clearing & settlement platform between Nigeria and Kenya to be launched

Author: Africa Global Funds | Date: 2015-12-14

Africlear Global, The Central Securities & Clearing System (CSCS Nigeria) and the Central Depository & Settlement Corporation (CDSC Kenya) have announced their plans to establish a platform aimed at facilitating post trade services including cross-border clearing and settlement of capital market transactions between Nigeria and Kenya.

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FxPro gets South Africa FSB license

Author: Africa Global Funds | Date: 2015-10-27

FxPro Financial Services has been authorized by the South Africa Financial Services Board (FSB) to operate as a financial service provider in the country.

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BDO East Africa partners with Creed Capital

Author: Africa Global Funds | Date: 2015-10-09

BDO East Africa, member of BDO International, and Creed Capital, a Beirut-based corporate finance advisory firm, have joined forces to provide financial services between the MENA region and East Africa.

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MSCI to offer investors tools to measure carbon exposure

Author: Africa Global Funds | Date: 2015-09-30

As the rush among institutional investors to reduce their carbon exposure intensifies, MSCI, a provider of research-based indexes and analytics, has said it will report the carbon footprint of its flagship global indexes.

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Deloitte acquires Frontier Advisory

Author: Africa Global Funds | Date: 2015-09-25

Deloitte has acquired Frontier Advisory, as the company seeks to expand its operations in the African continent and in other emerging markets.

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EDI adds Worldwide Equity Analytics

Author: Africa Global Funds | Date: 2015-09-22

Exchange Data International, a securities and corporate actions reference data specialist, has added equity analytics data, Worldwide Equity Analytics, to its securities data offering.

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Centurion opens office in Cameroon

Author: Africa Global Funds | Date: 2015-09-08

Centurion Law Group has expanded its presence in Africa with the opening of an office in Douala, Cameroon’s largest city and the wealthiest business hub in Central Africa.

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JTC establishes presence in South Africa

Author: Africa Global Funds | Date: 2015-08-25

JTC has significantly enhanced its global fund servicing capabilities with the acquisition of Kleinwort Benson’s Fund Administration business in South Africa, Guernsey and Jersey.

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AIT Technology helps Namibia to combat illicit financial outflows

Author: Africa Global Funds | Date: 2015-07-28

Actionable Intelligence Technologies (AIT), a supplier of solutions for financial investigation, is working closely with the Namibia Anti-Corruption Commission (ACC) to help country’s authorities identify, expose and dismantle organizations involved in systematic financial theft.

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Maitland continues expansion with STANLIB deal

Author: Africa Global Funds | Date: 2015-07-22

Global advisory and fund administration firm Maitland has concluded an agreement with STANLIB, one of Africa’s largest fund managers, to “lift out” its traditional institutional fund administration operations.

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Milestone Group announces pControl Africa

Author: Africa Global Funds | Date: 2015-07-21

Milestone Group, a provider of optimized fund processing solutions, has announced the establishment of pControl Africa, a joint venture between Milestone Group and domestic provider Global ASP.

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SGSS to become a trustee for SA hedge funds

Author: Africa Global Funds | Date: 2015-07-15

Societe Generale Securities Services (SGSS) will provide trustee services for hedge funds in South Africa, according to Duncan Smith, Senior Business Development Manager for Emerging Markets.

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EBS Direct adds Standard Bank as liquidity provider

Author: Africa Global Funds | Date: 2015-07-09

EBS BrokerTec, ICAP's electronic foreign exchange (FX) and fixed income business, has announced the addition of Standard Bank as the first South African liquidity provider (LP) on the EBS Direct platform.

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Worldbox launches company database for Africa

Author: Africa Global Funds | Date: 2015-06-30

Worldbox Business Intelligence, an independent service that provides online identifications of registered companies, has announced that it now offers complete identification company records for Rwanda, Tanzania, Mauritius, Uganda and Madagascar with extended business records for 25 other African countries.

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Ogier advises on $725m launch of ADP II

Author: Africa Global Funds | Date: 2015-06-19

Ogier, a provider of offshore legal services, has advised Development Partners International (DPI) on the launch of African Development Partners II, a $ 725m, Guernsey closed-ended investment fund.

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Oxford Economics takes 27% stake in NKC

Author: Africa Global Funds | Date: 2015-05-28

Oxford Economics, the UK-based economic advisory firm, has revealed its plans to acquire a majority stake in NKC Independent Economists for an undisclosed amount.

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Beltone Financial selects SunGard’s OMS for market making on EGX

Author: Africa Global Funds | Date: 2015-04-29

Beltone Financial, a regional investment bank headquartered in Egypt, has become the first market maker on the Egyptian Exchange (EGX), providing liquidity on the bourse’s recently launched Exchange Traded Funds (ETF) that tracks the EGX30 index called XTMisr.

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Parametric chooses MSCI for EM strategy

Author: Africa Global Funds | Date: 2015-04-27

Parametric Portfolio Associates, a majority-owned subsidiary of Eaton Vance Corp., with more than $136.5bn client assets under management, has selected the MSCI Emerging Markets Small Cap Index as the benchmark for their Parametric Emerging Markets Small Cap strategy.

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Interactive Data partners with GlobalRisk

Author: Africa Global Funds | Date: 2015-03-10

Interactive Data, a global provider of managed ultra-low latency technology and market data feed services designed to facilitate electronic trading, has partnered with GlobalRisk, a provider of real-time risk management and trade support software.

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Morningstar makes move to South Africa

Author: Africa Global Funds | Date: 2015-03-04

Morningstar, a provider of independent investment research, has launched Morningstar Investment Management South Africa, an investment management business in Cape Town.

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PFS adds global execution services to its offering

Author: Africa Global Funds | Date: 2015-03-03

Prescient Fund Services, the fund administration business in the Prescient Group, has announced the addition of global execution services to its offering, providing investment managers with a comprehensive execution service with access to global markets.

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Electra adds reconciliation functionality

Author: Anna Lyudvig | Date: 2015-02-27

Electra Information Systems (Electra), a provider of software solutions for the asset management industry, has released Electra Reconciliation Dynamic Snapshot, a real time month-end reconciliation feature.

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Alacra launches on demand research service

Author: Africa Global Funds | Date: 2015-02-18

Alacra, a provider of business information solutions for financial institutions, corporations and professional service firms announced the launch of Alacra-On-Demand, a comprehensive research service provided by Alacra’s global team of business information specialists.

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Standard Bank to provide master custody for GEPF

Author: Africa Global Funds | Date: 2015-02-11

Africa’s largest pension fund, the Government Employees Pension Fund (GEPF), has chosen Standard Bank to provide a full range of investor services product solutions for its more than R1.5trln of assets under management.

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Ashburton selects FINCAD’s F3 for LDI analytics

Author: Anna Lyudvig | Date: 2015-02-11

Ashburton Investments, FirstRand Group’s investment management business, has implemented FINCAD’s F3 Excel Edition for the key building blocks to develop its front office portfolio management toolkit.

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SS&C to acquire Advent for $2.7bn

Author: None | Date: 2015-02-04

SS&C Technologies Holdings, a global provider of financial services software and software-enabled services, will acquire Advent Software, a provider of software and services for the global investment management industry, for $2.7bn in cash, equating to $44.25 per share plus assumption of debt.

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S&P DJI bolsters its SA factor-based index range

Author: Africa Global Funds | Date: 2015-01-19

S&P Dow Jones Indices (S&P DJI), a provider of financial market indices, has announced the launch of the S&P Quality South Africa Index, which is designed to measure high quality stocks in the South African equity market.

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Allen & Overy expands online services with launch of aosphere

Author: Africa Global Funds | Date: 2015-01-14

Allen & Overy has re-launched its derivatives services business as aosphere at a crucial time for financial institution clients, who are facing a combination of increasing compliance requirements, reduced budgets and significant financial consequences should they be found to be in breach of regulatory obligations.

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Nigeria’s ACA selects eFront solutions

Author: Africa Global Funds | Date: 2015-01-06

African Capital Alliance (ACA), Nigeria's first institutional private equity fund manager and one of Africa's leading alternative asset management firms, has automated and streamlined its operations via FrontInvest, eFront’s flagship solution, which includes an investee portal.

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PROFILE launches IMSplus 2.1

Author: Africa Global Funds | Date: 2015-01-02

PROFILE Software, an international financial solutions provider, has released an upgraded version of IMSplus 2.1, its wealth and asset management platform.

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SGSS extends South African custody hub to Mauritius

Author: Africa Global Funds | Date: 2014-11-25

Societe Generale Securities Services (SGSS) has extended its South African custody hub to Mauritius by becoming the first remote participant to receive approval from the Mauritius Financial Services Commission (FSC) to provide comprehensive custody services in the country.

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SGSS in SA mandated by Nomura

Author: Africa Global Funds | Date: 2014-10-16

Societe Generale Securities Services (SGSS) in South Africa has been mandated by Nomura to act as its sub-custody bank in the country.

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MSCI adds ESG ratings coverage of SA REITs

Author: Africa Global Funds | Date: 2014-10-16

MSCI, a provider of investment decision support tools worldwide has announced the availability of ESG ratings coverage for South African REITs (Real Estate Investment Trusts) as part of its global coverage of companies in this sector.

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eFront and Methys extend their partnership

Author: Africa Global Funds | Date: 2014-10-13

e-Front, a software provider of financial solutions for managing alternative investments, has extended its partnership with international technology consulting firm, Methys, naming it the integrator for all eFront solutions in Africa.

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Land Equity Group launches real-estate advisory service

Author: Africa Global Funds | Date: 2014-09-05

Land Equity Group has launched a comprehensive, independent advisory service, Africa Real Estate Advisors (AREA), in response to property investors’ needs to benefit from Africa’s significant growth potential.

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Harith: Financiers and developers of infrastructure projects

Emile Du Toit
Head: PAIDF 2

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