25/10/2022
Invast Global is excited to announce it plans to acquire GMO-Z.com Trade UK Limited from GMO Financial Holdings Inc. GMO-Z.com Trade UK Limited will become the UK subsidiary of the Australian headquartered Invast Global, a subsidiary of INV Inc. whose 60-year heritage as a successful securities brokerage is supported by long-standing relationships with numerous Tier 1 Prime Brokers and market-leading trading technology and data vendors. The acquisition is scheduled to take place in early 2023 subject to the approval of the Financial Conduct Authority.
Gavin White, CEO of Invast Global comments, “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. 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.”
Takeshi Kawaji, President and CEO of INV Inc. explains the acquisition, “Invast Global has gone from strength to strength. As we continue to expand globally, we look for opportunities that match our business strategy with product offerings that align with our expertise. Upon examination, it became clear that GMO-Z.com Trade UK Limited 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.”
To view the full press release, click here: https://www.invast.com.au/prime/invast-global-plans-to-acquire-gmo-z-com-trade-uk-from-gmo-financial-holdings-inc/?utm_source=linkedin&utm_medium=image&utm_campaign=gmo-z
