Earlier this year, Divisa Capital announced a major investment of $100 million to expand its operations. At the time, the company outlined that a big portion of the equity will come from a Saudi Arabian family office and that the deal was pending regulatory approval.
The UK Financial Conduct Authority recently approved the agreement, opening the door for Divisa Capital to new ventures. One of the first moves of the company was to register two new trading names – Equiti Global Markets and equiti.com.
Today Divisa Capital shared with Finance Magnates that Iskandar Najjar joined the holding group behind the significant investment into the company, which was announced in January. He ventured into the partnership after serving in several senior roles at ADS Securities, Alpari Middle East and ACM-Swissquote. Mr Najjar was instrumental for Divisa Capital’s funding deal which was announced earlier this year.
Divisa Capital’s expansion into the retail segment, under the brand Equiti Global Markets, is the first step of the company into the retail market. The offering of the brokerage arm includes a wide range of currencies, metals and CFDs.
“The recent hires of Hormoz Faryar as Head of Institutional Sales, Mohamed Isbeer on the Brokerage side and Lauren Kiley on the PB business side are a glimpse into the number of projects we are working on,” explained Mr. Tovmasyan.
This article originally appeared on Finance Magnates.