Avior Capital Markets (Pty) Ltd is pleased to announce the UK acquisition. Avior acquired 100% of Noah Capital Markets (EMEA) Limited, based and operated out of London. Noah Capital Markets (EMEA), will be rebranded as Avior Capital Markets International Limited (ACMIL) and become a fully owned subsidiary of Avior Capital Markets South Africa.
The acquisition has been approved by the United Kingdom’s Financial Conduct Authority and ACMIL will accordingly be regulated by the FCA.
Avior continues to expand its footprint, presence and capability with this recent acquisition, enabling it to better serve its institutional clients in the UK and Europe and to act as an intermediary between European and South African institutions.
Over the past ten years Avior has built a strong South African and African presence. Its operations have been exclusively based in South Africa. Avior Capital Markets International Limited is the ideal platform to increase its distribution capability in Europe.
“We see opportunities to further grow our African equities, fixed-income and derivative dealing capability. We are confident of the cultural and entrepreneurial fit of the organisations.” – Kevin Mattison, Director, Avior Capital Markets (Pty) Ltd said
Claudio Marchetti, Head of Sales and Trading at Avior Capital Markets (Pty) Ltd commented “Our ability to access the London market directly will improve our capacity to execute client orders in the dual listed shares, both from a liquidity and best price perspective.”
Dana Becker, Managing Director, of Noah (EMEA) commented “We expect that the high quality of research and pan-African capability that Avior has developed will provide a unique proposition to our international clients. We look forward to working with Avior’s innovative and growing team.”
Michael Kavanagh, CEO of NOAH Capital Markets South Africa comments: “NOAH SA would like to thank outgoing CEO Dana Becker and COO David Haveron for their contribution to the business. We wish them well in their new home in the Avior stable”.
For more media enquiries please contact:
- Kevin Mattison, Director, Avior Capital Markets (Pty) Ltd. (RSA), +27 21 440 5983 kevin@avior.co.za
- Dana Becker, Director, Avior Capital Markets International Limited (UK) +44 (0) 2036409339, dana@aviorcapital.co.uk
- Michael Kavanagh, CEO, Noah Capital Markets South Africa (RSA) +27 11 640 9719, mkavanagh@noahcap.com