Former GCM Prime executive Adam Toro is joining Amana Capital’s FCA-authorised UK division, which seems to be making a push to expand its operations. Finance Magnates is working on getting more information with the full details.
Amana Capital has been on a tear since acquiring an FCA license in 2014. The company established a London-based subsidiary, aiming for a global expansion. The effort paid off with the brokerage already moving offices twice over the past three years.
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The company has been focusing on expanding its services over the past couple of years. It has acquired one of the most lucrative licenses in the industry, from the Dubai Financial Services Authority (DFSA), and established a presence in the Dubai International Financial Centre.
The authorisation granted last year was the fourth license for the company, which also has regulated subsidiaries in Cyprus and Lebanon. The company’s growing regulatory presence is a testament to its development with the ongoing London expansion signalling that a wider array of services could be in the pipeline.
Recently the firm opened a second education portal called TradeCaptain.com. The company added several new hires to its team to develop the portal.