MultiBank Group has acquired the client and operational assets of AETOS in China. This acquisition by MultiBank Group comes after substantial expansion of the Group following the establishment of MEX Asset Management in Frankfurt, MEX Wealth Management in the Cayman Islands, MEX Fintech in Hong Kong, MEX Spain in Barcelona, MEX MENA in the UAE and MEX Capital Markets in Mexico.
The financial terms of the agreement were not disclosed, however, the customer base in mainland China of AETOS is evaluated at tens of thousands of clients.
Mr. Draco Ng, the previous CEO of AETOS Capital Group, will join MultiBank Group as the CEO of the new division MBG. In this regard, Mr. Ng states:
These customers shall expect a smooth transition and will continue to be serviced by the same sales and support team as prior to the transfer.Moreover, as the CEO of MBG, the new division of MultiBank Group, we will ensure that the customers will enjoy the same level of excellence in service, execution speed, technology, trading conditions, security of funds, customer support and all other related matters. The transferis scheduled to take place during the weekend after the close of markets on8thJune 2019(Saturday).
Ms. Sophia Barnes, Marketing Manager of MultiBank Group, comments:
The Group is now finalizing further expansion in England, Kuwait, Philippines, Indonesia and Kenya, all of which are envisaged to be operational in 2019. This brings the total global reach of MultiBank Group to 18 offices worldwide.
Combining prime liquidity, cutting edge technology and first-class customer service, MultiBank delivers advanced trading platforms and tight pricing in online financial products, including forex, metals, shares, indices, commodities and cryptocurrencies CFDs.
