Goldman Sachs and Investec said on Wednesday they had entered into an exclusive cooperation agreement for equity trading in South Africa which would enable both firms to extend their capabilities and deepen links with African and international clients seeking to invest in the region.
Goldman Sachs International CEO Richard Gnodde said: “We see tremendous opportunity to better serve local and global clients investing in South Africa and the wider region. Investec Specialist Bank CEO Richard Wainwright said the alliance would enable his company to offer its leading South African and African equities execution capability to a larger global client base which had a growing interest in the region.
Investec group CEO Fani Titi said the agreement reflected the strength of his bank’s franchise and brand and its deep knowledge of the South African market.
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