USA > UK based WorldFirst is set to acquire USA based Wyre’s retail money transfer business.

worldfirst logo For an undisclosed sum, UK based WorldFirst is set to acquire USA based Wyre’s retail cross border payments services. Wyre is concentrating on its API business and hence decided to divest its retail cross border payment services. The transaction has already been completed. Currently the transaction is in migration phase and WorldFirst’s acquisition will be a value add for the More …

LUXEMBOURG > Switzerland based Swissquote Group is set to buy Interactive Investor’s Luxembourg operation Internaxx Bank SA for 27.7 million euros ($32 million)

Swissquote logo For focusing in the UK platform business, Interactive Investor is set to sell its Luxembourg operation to Switzerland based Swissquote Group. The transaction is subject to regulatory approval by the CSSF and the ECB in Luxembourg. According to Richard Wilson, chief executive of Interactive Investor: “This last year has been the start of an exciting journey as we continue to More …

USA > Toronto based Vlaad and Company to expand into the USA by launching office in New York

tweet243 Toronto based Vlaad and Company, a financial service executive search firm, is set to expand into the U.S. market by opening an office in New York City. Expanding the firm’s North American presence and helping both American and Canadian firms find top-tier talent, Vlaad and Company has chosen New York as it is the epicenter of the global financial services More …

SAUDI ARABIA > Bahrain based Gulf International Bank (GIB) to expand to Saudi Arabia

GIB logo Bahrain based Gulf International Bank (GIB) is set to expand to Saudi Arabia by completing the necessary steps to convert its branches into a locally incorporated bank which is also Gulf International Bank’s largest market. After receiving approval from the Saudi Council of Ministers to convert its branches to a locally incorporated bank, Gulf International Bank- Saudi Arabia (GIB KSA) More …

SINGAPORE > UK based Frontierpay launches Asian headquarters in Singapore

frontierpay logo A foreign exchange and international payments firms, Frontierpay, is set to open its Asian headquarters in Singapore as a part of international expansion. Expected to grow to a staff of 50 over the next three years, Frontierpay is currently set to hire 5 people. The employees will be focused on supporting customers with their foreign exchange needs which includes supporting More …

INDIA > IFC which is a member of the World Bank Group is set to invest INR 6.4 billion ($100 million) in Mahindra & Mahindra Financial Services Ltd (Mahindra Finance)

IFC logo   Investing $100 million in Mahindra Finance, IFC intends to enable Mahindra Finance to further augment its growth and in turn extend mainly farming loan to individuals to buy tractors, vehicles and other equipment along with financing small and medium enterprises. To be secured through nonconvertible debentures, this loan will assist Mahindra Finance which is already the country’s leading rural More …

USA > UK based Third Bridge expands in the USA with second office

third bridge logo A leading research firm that primarily serves investment companies, Third Bridge is expanding in the US with opening of an office in Los Angeles. Third Bridge established its North American headquarters in New York City in 2010 and since the US team has grown to over 200 employees. The expansion of the second office in Los Angeles was as a More …

SPAIN > The Netherland based Aegon is set to expand its partnership with Banco Santander in Spain investing a total amount of EURO 290 million ($337.4 million) depending upon the performance of the partnership

Aegon logo Aegon is set to expand its partnership with Banco Santander in Spain covering term life and selected lines of non- life insurance following Banco Santander’s acquisition of the Banco Popular franchise in 2017. According to Alex Wynaendts, CEO of Aegon: “I am delighted to announce an expansion of the existing relationship with Banco Santander, which will give us access to More …