IG Prime Pushes Back Into South Africa With Investec White-Label Deal

IG Prime, the institutional arm of London-listed IG Group, has named Investec Prime Services as a white-label partner in South Africa. The deal, announced Friday, means Investec gets IG’s trading and risk technology under its own brand. No financial terms, client numbers, go-live date or exclusivity were disclosed.

What the platform includes

Clients get access to IG’s multi-asset global platform under the Investec Prime Services name. It covers derivatives across equities, indices, foreign exchange, commodities and fixed income. IG puts the total at around 19,000 instruments globally, including 12,000 equities. The setup is integrated with IG’s low-latency execution, so orders route fast. Access runs 24/5 for selected equity markets, with weekend index and FX markets also available.

Why South Africa matters

The deal gives IG a route back into South Africa after it left the local commercial market. IG’s full-year results for 2025 said it exited commercial operations in South Africa in 2025 to prioritise larger, faster-growing markets. It closed rand-denominated retail accounts in mid-2025, with existing clients told to close by 28 July 2025.

Investec Prime Services already offers execution, custody, clearing and securities lending to hedge funds, corporates and other institutions. IG Prime Managing Director Babita Ittoo Devillers called the white-label go-live a pivotal step, saying the tech infrastructure is built “to power the ambitions of leading financial brands globally.”

The takeaway: IG is now selling its execution and risk stack to banks, putting its wholesale arm in direct competition with tech vendors and white-label providers.