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Industry news

Grant Thornton acquires fund administrator


13 October 2011 Johannesburg
Reporter: Anna Reitman

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Image: Shutterstock
Grant Thornton Capital has announced it has acquired First Light Administration Services as part of the financial advisor's growth plan in South Africa.

First Light will integrate into Grant Thornton Capital’s employee benefits division, specifically into the retirement fund administration business.

“The integration of First Light not only bolsters our employee benefits offering but it also brings value to our clients through our existing diversified financial services including consulting, private client wealth management and investment management,” says Gary Mockler, executive chairman of Grant Thornton Capital.

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