Back in February, within INVAST Securities yearly earnings report, they also stated that they were opening an ASIC regulated Australian venture. Following on that report, the Japanese broker has announced management appointments for the new office. Leading the Australian subsidiary as CEO is Brendan Gunn. According to INVAST, “Gunn has more than six years in foreign exchange and CFD broking and was responsible for growing GFT Markets (Sydney) to the become one of the largest CFD and Forex trading houses in Asia Pacific. Mr Gunn will be responsible for growing the business locally and developing the model to take the business to other markets”.
Accompanying Gunn in the role of COO is Andrew Taylor who has in excess of 20 years experience, also most recently with GFT Markets. INVAST added that “Mr Taylor’s financial markets knowledge crosses borders and asset classes, with a strong focus on investment and debt management for both business and individuals. Mr Taylor will be responsible for managing the business operations including staff recruitment, IT, compliance, dealing and product development.”
Mr Gunn said it was the goal of INVAST to provide education and develop long-term relationships with its clients.
“The 50 plus year Japanese heritage of INVAST has built a culture focused on precision, integrity and high standards. We are very excited to be leading the initiative to share INVAST’s expertise and vision with other markets. This office is the first outside of Japan and it will provide a gateway to Asia and build a blueprint for global expansion,” he said.
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Mr Gunn said a focus on relationships, educating clients on risk management techniques were central objectives of INVAST, culminating in a better trading experience.
Our focus with all our clients, be they SMSF investors, professional or simply brand new traders, is to provide education, risk management and help them become better traders. We seek to match the right product with the right level of trader. We also design and build a number of innovative products with inbuilt risk management tools, which we believe will be market firsts in Australia. ”
Mr Gunn said INVAST also provided partnership arrangements for institutional investors and financial advisers.
Mr Gunn said Invast would be operational in Australia by Q3 this year.