Blackwell Global, an international brokerage and liquidity provider, has announced the finalization of its acquisition of the New Zealand-based liquidity and financial services provider, which focuses on the property industry, NZF Group Limited (NZF). In this reverse takeover, Blackwell Global has become listed on New Zealand stock market, NZX Main Board, under ticker symbol BGI. It has been renamed from NZF Group Limited to ‘Blackwell Global Holdings Limited’.
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Established back in 2010, Blackwell Global Group offers both retail and institutional forex, CFDs, stocks, options, futures, spot and bullion precious metals trading. The company has offices in Hong Kong, Cyprus, the United Kingdom, and New Zealand. Recently, the company signed a multi-year partnership with Everton Football Club, becoming its first official forex brokerage sponsor.
Following the acquisition, James Law, Michael Chai, and Ewe Leong Lim have stepped into their roles on Blackwell Global Holdings’ board of directors. Craig Alexander and Sean Joyce, who are also board members, will proceed as independent directors. Mark Thornton, a former director, will now assume the role of Chief Executive Officer of the finance company’s operation, scheduled to launch later this year.
Michael Chai, Chairman of the Blackwell Global Group, commented that the acquisition will further strengthen Blackwell Global’s foothold in the financial industry: “We aim to inject renewed stability with Blackwell Global’s asset financing solutions. Our external investors can be assured of the stable support, flexibility and expertise we offer with our customised solutions, a service we have built our global business upon.”