By Andrei Skvarsky.
Russian financial services company ITI Group has bought out Walbrook Capital Markets, a London-based multi-asset brokerage that provides access to a range of electronic trading platforms and telephone services.
ITI Group took 100-per-cent ownership of Walbrook, which is a member of the London Stock Exchange, the Russian company said in a statement.
This spring, ITI Group, which is focused on emerging markets and is controlled by Russian investment manager Da Vinci Capital, acquired Uralsib Securities, a British subsidiary of Russian bank Uralsib. After this acquisition, Uralsib Securities changed its name to ITI Capital.
The ITI Group’s statement quoted ITI Capital chairman John Barker as saying the acquisition of Walbrook “advances ITI Group’s objective in building a financial technology group focused on sell side and buy side platforms, IT services and investments into financial technology businesses.”