Vantage, beforehand often called Vantage Markets, has established its presence in Africa by acquiring a derivatives license from South Africa’s Monetary Sector Conduct Authority (FSCA).
In response to the press launch shared with Finance Magnates, the brand new license will permit the foreign exchange and contracts for variations (CFDs) dealer to supply its companies in South Africa, onboarding native purchasers.
“We’re thrilled to obtain our FSCA license,” stated Marc Despallieres, Chief Technique and Buying and selling Officer at Vantage. “We have now had our sights on South Africa for a while, and we have been decided to have the ability to present merchants with distinctive monetary companies and merchandise whereas working in compliance with the very best regulatory requirements.”
Headquartered in Australia, Vantage operates primarily with its Australian Monetary Companies (AFS) license obtained from the native regulator. The dealer additionally choices companies regionally with its regulatory authorizations from Vanuatu and the Cayman Islands.
Vantage entered South Africa when the brokerage trade within the continent was exhibiting a steep upward path forward. A number of different worldwide brokers, together with Admirals and XTB, have gained South Africa license through the years. A number of brokers are additionally onboarding South African purchasers beneath their worldwide licenses.
Strengthening Administration
To bolster its staff in South Africa, Vantage additionally promoted Ted Odigie as its Head of Gross sales for Africa. The promotion got here final November, over a 12 months after Odigie joined the brokerage.
Odigie is a seasoned brokerage govt with over 17 years of expertise beneath his sleeves. As identified by Vantage, his experience is in enterprise improvement and shopper administration.
Earlier than becoming a member of Vantage in August 2021, Odigie spent greater than a 12 months at Scope Markets and parted with the dealer because the Head of Gross sales. He was additionally a Gross sales Supervisor at Nigeia’s Eagle International Markets (EGM), an area foreign exchange and CFDs dealer. He began his profession in 2006 at a securities firm.
Vantage, beforehand often called Vantage Markets, has established its presence in Africa by acquiring a derivatives license from South Africa’s Monetary Sector Conduct Authority (FSCA).
In response to the press launch shared with Finance Magnates, the brand new license will permit the foreign exchange and contracts for variations (CFDs) dealer to supply its companies in South Africa, onboarding native purchasers.
“We’re thrilled to obtain our FSCA license,” stated Marc Despallieres, Chief Technique and Buying and selling Officer at Vantage. “We have now had our sights on South Africa for a while, and we have been decided to have the ability to present merchants with distinctive monetary companies and merchandise whereas working in compliance with the very best regulatory requirements.”
Headquartered in Australia, Vantage operates primarily with its Australian Monetary Companies (AFS) license obtained from the native regulator. The dealer additionally choices companies regionally with its regulatory authorizations from Vanuatu and the Cayman Islands.
Vantage entered South Africa when the brokerage trade within the continent was exhibiting a steep upward path forward. A number of different worldwide brokers, together with Admirals and XTB, have gained South Africa license through the years. A number of brokers are additionally onboarding South African purchasers beneath their worldwide licenses.
Strengthening Administration
To bolster its staff in South Africa, Vantage additionally promoted Ted Odigie as its Head of Gross sales for Africa. The promotion got here final November, over a 12 months after Odigie joined the brokerage.
Odigie is a seasoned brokerage govt with over 17 years of expertise beneath his sleeves. As identified by Vantage, his experience is in enterprise improvement and shopper administration.
Earlier than becoming a member of Vantage in August 2021, Odigie spent greater than a 12 months at Scope Markets and parted with the dealer because the Head of Gross sales. He was additionally a Gross sales Supervisor at Nigeia’s Eagle International Markets (EGM), an area foreign exchange and CFDs dealer. He began his profession in 2006 at a securities firm.
