Tullett Prebon Opens Office in South Africa Expanding Global Presence to 25 Locations
Leading interdealer broker with principal offices in London, New Jersey, Hong Kong, Singapore and Tokyo, expands into Johannesburg following regulatory

One of the world’s major interdealer brokers, Tullett Prebon, expands its global presence into South Africa with the announcement today of a new office in Johannesburg.
As per the official press release, the new location will be headed by Charles Morgan, a recent hire who will hold the position of Managing Director and oversee the brokering of South African Government Bonds, working from the new office location with the company’s London team who has brokered these products for a number of years already.
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Commenting on the new office in the corporate press release, Rob Osborne, Managing Director Rates EMEA at Tullett Prebon, said: “I am delighted that Tullett Prebon has established an office in South Africa, enabling us to assist our clients’ needs across the South African market place. It is important that we have a local physical presence, reinforcing our commitment to the region and enhancing our offering with local knowledge and expertise.”
In 2010, South Africa was the latest of countries to be added to the list of advanced developing economies under the BRICS association (which include Brazil, Russia, India, China and South Africa), which held its latest annual BRICS summit in Durban, South Africa in March 2013.
While the announcement today from Tullett Prebon specified the brokering of African Government Bonds, it is not clear whether other asset classes and instruments will be handled via the new location. Tullett Prebon specializes in seven major product groups, including Rates, Volatility, Treasury, Non Banking, Energy & Commodities, Credit and Equities. The news today also follows the recent approval that the company received from the CFTC regarding its application as a Swap Execution Facility (SEF).
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ups, our South Africa becomes too crowded last time:)
@James – interesting viewpoint, however I am not sure how a self-generated, peer-to-peer unit with no central generating body or issuer can possibly be a scam. Risky in some ways, yes, but surely governments in some nations which impose capital controls on citizens and then charge them 15 – 20% to change funds to USD for traveling overseas such as in Argentina are worse – hence the popularity and wide acceptance of bitcoins there. Bitcoin is a currency. If, as with fiat currency, there are those who seek to use it to buy/sell items of questionable repute or to dupe… Read more »
@James – interesting viewpoint, however I am not sure how a self-generated, peer-to-peer unit with no central generating body or issuer can possibly be a scam. Risky in some ways, yes, but surely governments in some nations which impose capital controls on citizens and then charge them 15 – 20% to change funds to USD for traveling overseas such as in Argentina are worse – hence the popularity and wide acceptance of bitcoins there. Bitcoin is a currency. If, as with fiat currency, there are those who seek to use it to buy/sell items of questionable repute or to dupe… Read more »
Thats good news…
I am hoping more participanta would follow suit..
@Denis yes, could see some consolidation from the influx of overseas guys
but as stated by @Irfan SA and Jburg has potential to rule over the whole continent. Already saw some positive ‘export’ through technology on Zambian futures