ITI Group acquires UK broker 06 April 2017 London Reporter: Drew Nicol
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ITI Group has acquired UK broker-dealer and asset manager Uralsib Securities in the latest step of its services expansion plan.
London-based Uralsib Securities, now renamed ITI Capital, offers direct market access to emerging markets for global clients, and to global markets for its Russian clients.
Under the direction of ITI Group, ITI Capital will also offer prime brokerage services and a trading platform for algorithmic funds, as well as structured products and technology-focused asset management.
In a statement on the acquisition, ITI Group outlined its ambition to build a financial technology holding group focused on sell- and buy-side platforms, IT services, and investments into financial technology businesses.
Pavel Naumenko, CEO of ITI Group, said: “The acquisition of a fully licensed UK broker is a huge step for ITI Group and its clients. It cements our commitment to taking a leading position among brokers with a strong Russian and international presence.”
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