Will the Acon Bank become a trading company now? If so, let’s say fingers off! Of course we will see this possibility now, after reading the following message. JFD Brokers completes acquisition of German investment bank ACON
Almost eleven months after the start of JFD Brokers‘ acquisition of ACON, the deal was confirmed by the German Financial Services Authority (BaFin) and the German Bundesbank. The acquisition enables our multi-asset broker and portfolio management company to add investment banking services to its product range.
Six years after we were founded, we continue to grow and meet the needs of private and institutional investors alike by expanding in multiple directions, providing digital asset management, stock exchange trading and investment advisory services. Now that we have an investment banking license, we are in the process of strengthening our position as a respected financial institution. This move clearly demonstrates that JFD continues to expand with a growing range of products, and that in a situation where the industry as a whole is seeing steadily declining sales and growth numbers.
It is rare in the financial industry for companies of this size and age to take over banks. The inclusion of ACON-Bank – with its memberships in the Deutsche Börse, the Vienna Stock Exchange and some German regional exchanges – in the JFD group of companies is just another milestone on our roadmap and no more than a start, as a result of this acquisition a lot Open up growth opportunities. The door to the (digital) world of investment banking is wide open where we can respond to the needs of the younger generation (in terms of order execution and investment services) as well as companies (with innovative capital and liquidity solutions). We will expand our target markets around Latin America and Southeast Asia, while expanding our strong position as the market leader in Central Europe.
Founded in Germany in 2006, ACON Actienbank AG is now an integral part of JFD and brings outstanding experience in investment banking, trading services (including designated sponsorship, market-making and institutional sales trading) and providing corporate client advisory solutions in M & A and debt financing with. The bank has offices in Munich, Frankfurt am Main, Berlin and London and supports medium-sized companies with tailor-made solutions for all phases of the company. It has already acquired a high reputation as a trustworthy and competent partner for more than 300 clients, with whom the bank has been able to implement more than 500 projects on the German capital market to date. ACON’s experienced team and commercial desk offers expert advice and support across product lines for the comprehensive structuring and execution of capital market transactions across all industries.
