just now
October 25, 2022 - Invast Financial Services Pty Ltd. (IFS), trading as Invast Global, has announced that it plans to acquire GMO-Z.com Trade UK Limited from GMO Financial Holdings Inc. GMO-Z.com Trade UK 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.
GMO-Z.com Trade UK has a registered capital of 1.5 million pounds (incorporated on October 19th 2012) and is based in London. GMO-Z.com is a subsidiary of GMO Financial Holdings, Inc. (incorporated in 2012). Based in Tokyo, GMO Financial Holdings Inc. has a registered capital of 705 million yen with total assets of 996,049 million yen.
The Board of Directors of INV Inc. (7338) has agreed to purchase 100 percent of the shareholding of GMO-Z.com Trade UK. These are to be acquired at an undisclosed price that is considered fair and reasonable after appropriate due diligence and planning conducted over the course of the year. The execution date of the share transfer has not yet been determined as it is subject to the Financial Conduct Authority (FCA) of the United Kingdom.
Invast Global has many years of expertise and experience that has supported the successful growth of the business over the last 10 years. The establishment of their first European office in Cyprus last year was part of the strategic plan to build a global network of distribution channels in jurisdictions widely regarded for their regulatory standing.
A London office will further strengthen relationships with both existing clients and potential clients as well as vendors and partners. It will also give Invast Global access to a deep pool of talent, particularly in the areas of quantitative trading and market making, areas that the business has been expanding in recent years and that will continue to be a key focus into the future.
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 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.”
Gavin White, CEO of Invast Global adds, “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.”
