Global Kapital Acquires South Africa’s Maru Asset Managers

Global Kapital Group (GKG), which operates multiple brokerage brands, announced that its Dutch subsidiary KIG BV has acquired a South Africa-based financial service provider called Maru Asset Managers.

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Licensed by the Financial Sector Conduct Authority (FSCA), Maru is an asset management company with a dedicated focus on combining disciplined methodologies with insightful qualitative investment processes. It offers equity investment solutions to the institutional investment market.

The acquisition allows the brokerage group to enter the lucrative South African market, the second-largest economy of Africa. In addition, the group will be able to provide intermediary services for shares, money market instruments, debentures and securitized debt, warrants, certificates, and other instruments in South Africa.

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“We are very excited about expanding our global presence to South Africa. The country’s fast-growing population and local market presence represent an important opportunity for us. South Africa is also the major financial centre for the African continent, which will provide potential access to an increased customer base,”Gökhan Erkıralp, KIG BV CEO said.

Earlier in May, Global Kapital has received an Investment Dealer Licence from the Mauritius Financial Services Commission(MFSC)​. With the new license, GKG will be able to expand product offering to its platforms as well as its global presence.