Institutional liquidity provider Scope Prime has appointed Kearabilwe (Kea) Nonyana as Head of Africa, strengthening its institutional presence across the continent.

The Johannesburg-based executive joins as the latest regional head, complementing the firm's existing leadership team that includes Andrew Taylor in APAC and Miranti Rostian in Southeast Asia.

Scope Prime Expands African Presence with New Regional Head Appointment

Nonyana brings over a decade of experience in research, analysis, and derivative sales from various banks and brokerages in Johannesburg. Previously, he was an Equity and Derivatives Sales Trader with IG South Africa for over two years. He then spent another two years at ThinkMarkets, where he served, among other roles, as Head of Equity Research. Since February 2023, he has been with EA Capital, holding the position of Head of Global Markets and Structured Products.

“Africa is experiencing remarkable financial product innovation right now and Scope Prime is superbly positioned to service this growing demand,” commented Nonyana. “I’m certainly delighted to have joined the Scope Prime team and look forward to helping build the company’s presence both in South Africa and further afield.”

The appointment follows Scope Prime's pattern of other regional hires, including Gaby Kanj for MENA operations and Lochlan White as Chief Commercial Officer. The company, operating under Rostro Financial Group, already maintains a retail presence in Kenya and South Africa through its sister brand, Scope Markets.

“As a business we are going through a steady phase of global expansion, delivering our multi-asset liquidity and prime services to a greater number of counterparties,” commented White. “A key component of this is enhancing our global footprint. We already have strong relationships across much of Africa, so Kea’s appointment complements our vision for growth in the region perfectly.”

Kanj is an industry veteran with over 30 years of experience, focusing on the company's operations in the Middle East and North Africa (MENA) markets. He is responsible for strengthening the company's existing client relationship team in the region.

“I Don't Hire More People Than I’d Like to Oversee”: Rostro’s Ayres

Finance Magnates recently interviewed Michael Ayres, Group CEO of Rostro Group, discussing the latest hires and expansion plans.

“I think we'll pass 200 or 205 headcounts by the end of the year,” Michael Ayres, Group CEO of Rostro Group, told Finance Magnates following the hiring spree of Scope Prime, the liquidity provider under the broad Rostro umbrella. He added: “The hires were really around certain regions... We won’t keep running at this rate; however, as otherwise I'll probably end up with more people than I would like to oversee.”

The recent appointments align with Scope Prime's broader expansion strategy, which has seen significant institutional business growth throughout 2024.

“We have seen significant growth of our institutional business in 2024, with counterparties eager to tap into our extensive lines of liquidity as well as benefit from decades of market knowledge and our cutting-edge technology,” said Daniel Lawrance, CEO of Scope Prime. “We are very excited to promote these benefits to an even wider audience, and Kea will be a pivotal part of our plan for the New Year.”