Peregrine Treasury Solutions announced today that it has changed its name to Citadel Global. This decision forms part of the restructuring of parent company Citadel Investment Services following its unbundling from Peregrine Holdings last year.
Citadel Global offers bespoke, holistic treasury solutions and advice, partnering with individuals seeking to make use of their annual foreign exchange allowances, as well as small, medium and large enterprises that pay and receive foreign exchange for goods and services. While its roots lie in foreign exchange execution, the business is now a leader in foreign exchange, treasury solutions and cash management services with offices in Pretoria and Cape Town.
Citadel Global Managing Director Andries du Toit notes that the decision to change the company’s name will better consolidate the two brands, reflecting a shared focus and commitment to offering tailored, client-centric advice and financial solutions.
“We will continue to offer the same high-quality services and systems that our clients have come to expect, underpinned by the knowledge and expertise of our team of specialists, and utilising the same world-class technology. However, we also believe that the name change may open the opportunity for us to expand our service offering in the future to accommodate the ever-evolving needs of our clients,” he says.
Citadel Investment Services Chief Executive Officer Andrew Möller adds that the decision forms a crucial element of Citadel’s strategic roadmap as the company continues to refine and perfect its points of value-add to clients.
“With the unbundling from Peregrine now behind us, Citadel is embarking on a journey of discovery and positive change to ensure that we continue to deliver on our aim to be the best wealth management company in South Africa,” he says.
“To this end, as part of the Citadel family, Citadel Global will not only continue to service external clients, but will also provide in-house treasury management for both our individual and corporate clients. This will ensure that our clients will continue to enjoy the benefits of the highly competitive rates, and the high-quality advice and technology that Citadel Global has become known for.”