Lakewood Asset Management, a London-based alternative asset company, continues its impressive expansion with the opening of a new office in Cape Town. The Cape Town office sees the company expand its global network further into Africa and tap into the fast growing alternatives market that has sprung up in the region.
The company already has representative offices in Ghana and Sydney and plans to roll operations out in Dubai later this year as well as Canada in 2013. From Cape Town, the new office will provide a key role as both a foothold in the country and the continent. Africa is now home to six of the ten fastest growing economies in the world and South Africa, known as ?the gateway? to the continent, is well placed to become the next growth frontier in the global economy.
The South African market for alternative investments has been growing fast since the 2008 recession and the market uncertainty that followed. Investors have moved towards alternatives as a way of spreading risk and boosting portfolio performance in the face of volatile stock markets. Lakewood?s move into Cape Town reflects this change in the way people are choosing to invest now, and the increasing potential in the region.
This move closely follows a successful merger with another well-established city brokerage, which saw Lakewood expand its strong network of contacts and global presence. The new office builds on Lakewood?s aims to provide a knowledgeable boutique service and local support for its international client base.
Heading up the team will be a chief executive officer with over thirty years experience as a managing director of large companies, and extensive knowledge of the property market ? well known alternative asset class. On the distribution side, the sales director will bring over two decades of experience in commodities, equity and forex.
Lakewood Asset Management also looks forward to offices opening up in Dubai later this year, re-affirming the company?s commitment to contact point service and allowing the company to build on the relationships it has already established in the country.
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