Sinara Financial Acquires Cypriot Broker Think Wealth

Sinara Financial Corporation, the holding company of Russian billionaire Dmitry Pumpyansky, is expanding its reach in the brokerage space and announced its Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term of Cyprus Investment Firm (CIF), Think Wealth Ltd on Wednesday.

The parent company is now rebranding the newly acquired entity as Sinara Financial Corporation (Europe) Ltd, thus aligning its services with its existing broader brokerage brand. The group first launched the Sinara Financial Corporation in late June as a holding company to accelerate the expansion of its investment arm.

Roman Lokhov, who is currently the CEO of Sinara Financial Corporation, will be the Chair at the rebranded brokerage unit. Irina Khrabrova, a former experienced trading industry executive with more than two decades of experience, will be the company’s CEO.

Expanding Brokerage Services in Europe

The press release shared with Finance Magnates detailed that the acquisition of the Cypriot business will allow the group to offer its investment services throughout Europe to both institutional and retail clients. Its offerings include brokerage, prime brokerage, asset management, HFT trading, research and investment advice.

In addition, it said that the investment services unit will offer ‘tailor-made products and solutions and high-tech services’ with a flexible approach to clients.

“We are growing our investment banking business globally, in accordance with our strategy,” Lokhov said in a statement. “Buying a Cyprus-based broker is an important milestone in this process.”

“Having a licensed European brokerage is a fundamental part of our global platform for wealth management, brokerage and global markets services. By the end of the year, the holding company plans to expand the geography of its services and finalize a deal to acquire an investment firm in the UK.”