ITI acquires Uralsib with Da Vinci Capital funding
Russian technology-focused brokerage firm ITI Group has bought London-based brokerage and asset management firm Uralsib Securities with financial backing from Da Vinci Capital.
Uralsib will be renamed ITI Capital and will offer brokerage services, a trading platform for algorithmic funds and technology-focused asset management.
The acquisition was financed by a capital injection from private equity player Da Vinci Capital. The company is looking to build a financial technology holding group focusing on IT services and investments into financial technology businesses.
Company
Founded in 2004, London-based Uralsib is a UK licensed brokerage and asset management firm.
People
ITI Group – Pavel Naumenko (CEO).
Da Vinci Capital – Oleg Jelezko (managing partner).
Uralsib Securities – John Lewin (CEO).
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