Wesgro, the official tourism, trade and investment promotion agency for Cape Town and the Western Cape, welcomes Nomura’s decision to set up their regional head office in Cape Town. This follows yesterday’s announcement by Asia’s global investment bank that Jan Newman and Ben Lowther will lead their South African operation from this April.
“More and more financial services companies are choosing Cape Town. The city’s expanding ICT infrastructure, excellent local and regional government, and quality of life make it the home for increasing numbers of foreign corporate and investment bankers,” says Wesgro’s CEO Tim Harris.
“The heart of Africa’s asset management sector is in the Cape, but our region is becoming a leader in diversified financial services, with 17 listed companies in the sector employing almost 60,000 people. Financial innovation is also strong in the Western Cape, with our province delivering 75% of South Africa’s VC deals annually,” concludes Tim.
Wesgro looks forward to working with Nomura to provide top quality client service from the Cape, and to help them build a platform for expansion into sub-Saharan Africa.