Pepperstone has appointed Andrew Turnbull as Head of Africa to spearhead its continental expansion strategy as the region experiences surging trading activity. Based in Nairobi, Turnbull brings over twenty years of financial services experience from senior roles at ODL Securities and FXCM Europe, plus his work co-founding alternative investment platform Wellesley Group Investors Limited.
The broker already holds a license from Kenya’s Capital Markets Authority, positioning it ahead of competitors in one of Africa’s pioneering online trading regulatory frameworks. Pepperstone’s Head of EMEA Marc Boever notes the continent presents dozens of distinct trader profiles and regulatory environments, prompting the firm to increase local resource allocation. The move comes as digital platform access and market awareness drive substantial growth in African trading volumes, while regulatory oversight simultaneously intensifies across jurisdictions including South Africa’s stricter ODP licensing regime.
FXnCO Insight
Pepperstone’s dedicated African leadership signals major brokers are prioritizing regional expansion despite rising compliance costs, suggesting traders should expect increased competition and potentially better services across African markets.
Source: Finance Magnates