Legae Peresec picks Standard Bank for custody and clearing
May 3, 2019

Industry sources report that Legae Peresec, a South African equities broker, has chosen Standard Bank to provide domestic custody and derivatives clearing business services.

Legae Peresec provides brokerage services to South African institutional and private client asset managers, insurance and savings funds, hedge funds, investment banks, corporates, broker-dealers and liquidity providers.

Lester Bailey, Director of prime services and settlements at Legae Peresec, is reported to have said that his firm has a longstanding relationship with the bank and sees is as a natural partner to support its brokerage business.

We have contacted Standard Bank directly seeking confirmation of details and will communicate those in full once we receive a reply.





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Industry sources report that Legae Peresec, a South African equities broker, has chosen Standard Bank to provide domestic custody and derivatives clearing business services.

Legae Peresec provides brokerage services to South African institutional and private client asset managers, insurance and savings funds, hedge funds, investment banks, corporates, broker-dealers and liquidity providers.

Lester Bailey, Director of prime services and settlements at Legae Peresec, is reported to have said that his firm has a longstanding relationship with the bank and sees is as a natural partner to support its brokerage business.

We have contacted Standard Bank directly seeking confirmation of details and will communicate those in full once we receive a reply.



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