MultiBank Group, a global provider of online financial products, announced today that it has acquired the customers of AETOS Capital Group Pty Ltd in mainland China. The financial terms of the agreement were not disclosed.
This acquisition involves a transfer of substantial number of clients running into tens of thousands of customers. The AETOS customers will be transferred to MultiBank Group through a new division by the name of MBG.
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 transfer is scheduled to take place during the weekend after the close of markets on 8thJune 2019 (Saturday).
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.
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.
MultiBank Group and its subsidiaries are licensed and regulated worldwide through relevant authorities including BaFin in Germany, FMA in Austria, CNMV in Spain, FSC in the BVI, ASIC in Australia, CIMA in the Caymans, and RAK in the UAE. MultiBank Group is also now in the process of applying for an FCA license in London.
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. MultiBank offers complete security of funds, including segregated accounts, the most favorable trading conditions, including leverage up to 500:1 on our wide range of 1,000+ products, the tightest spreads in the industry starting from 0.1 pips, and 100% ECN platform.