Amsterdam-based Trive, a financial services company, announced on Tuesday the appointment of Dennis Austinat as the new Managing Director for the DACH Region. He is based in Frankfurt and will help the business expand in the region.

Dennis Austinat Joins Frankfurt Offices of Trive

“I have spent much of my career at innovative Fintechs, and I believe that the future is multi-asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term. The modern trader wants a complete partner to facilitate their every investment need, and Trive fills this brief. Dynamic and sophisticated, Trive is the future of investing,” Austinat said.

He brings 22 years of financial services industry experience to his new role at Trive. Most recently, he worked at eToro, where he spent more than six years as the Head of Germany, Switzerland, and Austria. In addition, he spent years in other financial services firms, including at Earnix as the Regional Sales Manager DACH and at SuperDerivatives also as the Regional Sales Manager.

“Trive welcomes Dennis and his extensive industry experience make him a great addition to the team,” said the CEO and Chairman of Trive, Engin Çubukçu.

“The DACH region is a key market for Trive. Its investors are sophisticated and eager to grow their investments. As an industry veteran, Dennis understands the clients’ needs well and will be well placed to help empower their progression and take their investments to new heights.”

Trive Expands with GKFX Acquisition

Trive is a relatively new financial services company that offers stocks and exchange-traded funds (ETFs). Moreover, it provides leveraged counterparty trading with instruments of forex, indices, commodities, and equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term. It is onboarding European clients under its license from the Malta Financial Services Authority (MFSA).

To speed up its business expansion, the Amsterdam-headquartered company, which has offices in Frankfurt and Madrid, bought GK Group’s London-based B2B arm GKPro and its retail business in Europe, which was running under the brand GKFX. Trive has migrated GKFX clients to its retail platform and GKPro clients under the brand TrivePro. Trive also acquired FairMarkets in Australia from GK Group and another FINRA-licensed broker-dealer in the US which GK Group acquired last year.

Check out the FMLS21 session on "Opportunities and Pitfalls in M&As."

The GK Group still has an extensive presence in the global trading industry and controls several brands like GKFX Cambodia and Indonesia’s GKInvest. Furthermore, it obtained a new Mauritius license last year.