Squared Financial Founder Buys Shares
Brokerage firm Squared Financial announced today that Philippe Ghanem, its founder, has acquired all the shares of the company.
The objective of the move is to create a new-generation, one-stop solution for traders and investors. This is as they are seeking secure, regulated and technology-led access to global markets
Moreover, this will enable the firm to expand its services and geographical footprint.
A pioneer in online trading, a Swiss businessman and financier Philippe Ghanem founded Squared Financial Group. It is one of the sector’s first platforms, in 2005 and was already its majority shareholder.
He had more than 15 years in the international arena, including managing one of the market’s largest companies. Ghanem has decided to acquire all the shares of the company.
He resumes his position as executive chairman in order to make it a leading player.
In a statement, he said this is the optimum time to relaunch Squared Financial. This is as the world faces an unprecedented crisis and needs innovation and change more than ever to move forward.
He further said they are developing a FinTech-based financial services company that combines the best technology with the best people. That is to deliver for a new generation of clients.
Squared Financial Strengthens its Presence in Key Markets
Squared Financial said that it is targeting exponential growth as the firm increases its presence in key markets. It gradually opens new offices in jurisdictions offering strong and recognized regulation.
Growth will be achieved organically and by acquiring financial companies, banks, and FinTech companies.
Europe, Asia, Latin America, and Africa are its target markets. These are where a range of brokerage, wealth management, and asset management products will be offered.
Squared Financial explained that technology will achieve full integration. That is to provide accessible and secure trading solutions founded on a commitment to KYC and AML.
This will enable the brokerage to provide the necessary support to clients. Whether first-time or experienced investors, and whether looking to build or preserve their wealth.
