As part of its continued global expansion, JFD Group announced this Tuesday that it has set up a new office in Madrid to deliver its investment and trading services to Spanish-speaking countries and Portugal.
In addition to Spain and Portugal, the company plans to use its office in Madrid to expand its services to Latin America, a region with a population of more than 640 million people.
Despite tightening regulation in Europe in the retail trading space and market uncertainties, JFD outlines that it has not experienced “any significant slowdowns” to its business and has managed to “maintain a healthy business operation.” This, the firm states, has allowed the company to continue to expand into new regions.
JFD Group Appoints Ignacio Albizuri Delclaux to Lead Madrid Office
Leading the new office is Ignacio Albizuri Delclaux, who is the Managing Director of Iberia and the LATAM region as of May this year. Previously he was the Country Manager Iberia & Latam for GKFX.
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Delclaux’s career in the financial industry spans more than a decade. During the past 13 years, he has worked at Societe Generale as the Head of Equity Derivatives Marketing & Sales Assistant and been the Business Development Manager for Fx Pro, among other roles.
Commenting on the new office, Delclaux said: “This is a great opportunity for JFD to reach new untapped markets and I am delighted to be part of the company, considered a leader in its sector with 40+ international awards to show.”
JFD provides multi-asset trading in forex and contracts-for-difference (CFDs) on ETFs, Indices, Commodities, Cryptocurrencies, and Bonds as well as commission-free stock trading, which will also be available for the firm’s Spanish and Portuguese clients.
Because of regulatory requirements, all JFD’s clients out of the Madrid office will have their funds kept in segregated accounts with banks such as Barclays and Wirecard AG.