<p>Invast Financial Services Pty Ltd. (IFS), which is operating under the tradename <a href=”https://www.financemagnates.com/tag/invast-global/” target=”_blank”>Invast Global</a>, is planning to enter the United Kingdom with the potential acquisition of GMO Financial Holdings-owned GMO-Z.com Trade UK Limited.</p><p>The press release shared with Finance Magnates detailed that if the <a href=”https://www.financemagnates.com/terms/a/acquisition/” target=”_blank” id=”3180494d-8751-4a02-9476-86dc1cd4d2e2_2″ class=”terms__secondary-term”>acquisition</a> is complete, GMO-Z.com Trade UK will become the UK subsidiary of the Australia-headquartered brokerage group.</p><p>Invast Global’s subsidiary INV Inc. will acquire GMO-Z.com Trade UK Limited. The deal is now awaiting the approval of the <a href=”https://www.financemagnates.com/terms/f/financial-conduct-authority-fca/” target=”_blank” id=”4c85a54d-15e0-4e44-a214-8c55f71cb286_1″ class=”terms__main-term”>Financial Conduct Authority (FCA</a>) and the execution date is yet to be determined.</p><p>The move came after Invast entered continental Europe by establishing an office in Cyprus. In addition, it has strengthened its presence in the EMEA with several key appointments: <a href=”https://www.financemagnates.com/executives/invast-global-promoted-riana-chaili-to-chief-executive-officer-emea/” target=”_blank”>Riana Chaili</a> as the CEO of EMEA, <a href=”https://www.financemagnates.com/executives/moves/lochlan-white-becomes-chief-commercial-officer-emea-at-invast-global/” target=”_blank”>Lochlan White </a>as the CCO, and <a href=”https://www.financemagnates.com/executives/moves/invast-global-strengthens-emea-leadership-promotes-liam-smith-as-coo/” target=”_blank”>Liam Smith</a> as the COO.</p><p>With the new London office, Invast is expecting to strengthen relationships with existing and potential clients and vendors and partners. The Aussie broker is further expecting to gain access to a talent pool, especially in the areas of quantitative trading and market making.</p><p>“As we continue to expand globally, we look for opportunities that match our business strategy with product offerings that align with our expertise,” Takeshi Kawaji, the President and CEO of INV Inc.</p><p>“Upon examination, it became clear that GMO-Z.com Trade UK complemented our existing businesses in Tokyo, Sydney and Cyprus. We see great opportunities for continued growth and are excited about the future possibilities this acquisition creates.”</p><p>London Expansion</p><p>Based in London, GMO-Z.com Trade UK was incorporated in October 2012 and has a registered capital of 1.5 million pounds. Its Tokyo-headquartered parent, GMO Financial Holdings has a registered capital of 705 million yen.</p><p>The Board of Directors of INV Inc. already agreed to purchase all the stakes of GMO-Z.com Trade UK. The proposed financial terms are unknown. However, Invast highlighted that the price is “considered fair and reasonable.”</p><p>“As a multi-asset Prime Brokerage that has merged many decades of experience in Japanese online broking with some of the sharpest institutional brokerage executives in the industry to build a bespoke liquidity offering, this acquisition will speed up our global expansion plans that began with the office in Cyprus,” Invast Global’s CEO, Gavin White said.</p><p>“This gives us access to the UK market that will further enhance our value proposition to our existing clients and enable us to continue to grow and service more clients.”</p>
This article was written by Arnab Shome at www.financemagnates.com.
