Holborn Assets has bolstered its capability to offer wealth management services in South Africa.
The financial services firm, licenced by the country’s Financial Sector Conduct Authority (FSCA) since 2015, recently opened a new office in Cape Town.
It now has around 30 advisers located onshore, roughly 50% more than 12 months ago.
Holborn said that it expects to see a “greater need and take-up of its services” as the government increasingly struggles to fund an ever-widening fiscal deficit.
In response, investor concerns over the stability of the currency, local banks and capital markets instruments are growing.
Expansion
Robert Parker, chief executive of Holborn Assets, said that he hopes to “allay fears” of investors as the firm looks to expand its operations “to support clients on the ground”.
“We are […] very proud of the work our team are doing especially with the opening of the new office in Cape Town,” he added.
“We have plans for a new office in Durban and plan to double the number of consultants over the next 12 months.”
Established in 1999, Holborn has over 450 employees worldwide, including 200 financial advisers.
