South Africa's Strate rebrands
South Africa’s central securities depository, Strate, is rebranding in a bid to reflect the firm’s new strategy.
The group, which acts as the premier post-trade service provider for South African market participants, announced plans on Monday to change its branding and logo.
Two months ago the firm restructured, creating two divisions - CSD Operations and Fractal Solutions.
Beverley Furman was appointed as the executive director of CSD Operations.
Tanya Knowles is taking over as the executive director of Fractal Solutions, both effective 1 August 2016.
Strate’s head of collateral management services, Anthony van Eden, has left the group.
Steve Everett, who has been working closely with van Eden since the inception of the collateral services, will oversee the unit in the short term pending the appointment of a new head of collateral management services.
Monica Singer continues at the helm as CEO.
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