Tue, Sep 28, 2021
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Octogone and Firmus announce strategic alliance

Tuesday, March 05, 2019
Opalesque Industry Update - The internationally based Octogone Group and the Panama-based Firmus Broker & Asset Management Inc. have entered into a strategic alliance to provide services in wealth and asset management to their private, institutional and corporate clients.

This alliance offers potential client relationship managers, looking for a global advanced platform, more than 40 top tier custodians and fintech reporting technology.

Financial Institutions can also have access either in house or through partners to custody, correspondent banking, trading, forex and funds access.

Octogone and its clients will access Firmus' on-line investment services as well as its two fully automated electronic platforms, which provide efficient and effective access to the investment world in the global financial market.

The alliance expands Octogone's footprint into Panama where Firmus is based and adds to its jurisdiction network, which includes Geneva, Luxembourg, Miami, Santiago and Nassau.

Established in Geneva in 1995, the Octogone group, with USD 2.5billon AUM, manages the assets of families and institutions from Europe, USA and Latin America. "We work with the best wealth and asset management specialists wherever they may be in the world," said Jean-Marc Tornare, Octogone's CEO. "Our business model is based on the principle of independence on a rigorous and dynamic investment process. Firmus more than qualifies on both counts. It excels in the investing process through a combination of experience and tools to allow clients to invest confidently, efficiently and internationally."

Firmus is licensed as a Broker Dealer by the Superintendencia del Mercado de Valores de Panamá (SMV) since 2014. It has been Awarded Most Innovative Investment Management Services 2017- Panama and Best Automated Trading Services 2018-Panama by Wealth & Finance Magazine.

Miguel Gonzalez, CEO and founder of Firmus said the alliance provides an extended choice of more than 40 top tier custodian banks with advantageous banking fees for its clients in a wide choice of jurisdictions as well as access to Octogone's network. "Our clients will also benefit from Octogone's reporting tools which provide automatic consolidation of portfolios data across multiple custodians, embracing all currencies, asset classes and ownership structures" he said.

While benefits will accrue to the clients of both parties, Mr. Gonzalez expects the alliance will also be of interest to potential client relationship managers looking to have a choice of advanced booking platforms for their clients and access to the combined resources of both firms.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. PE/VC: Climate tech is hot, but VCs can't forget about water, Five top trusts to tap into the private equity boom[more]

    Climate tech is hot, but VCs can't forget about water From Crunch Base: "It is unequivocal that human influence has warmed the atmosphere, oceans, and land." These fiery words come from the latest landmark U.N. report detailing intensifying, universal climate change impacts. They cover

  2. New Launches: H.I.G. closes first European buyout fund at $2.4bn, Cheyne Capital raises another $1.18bn credit fund to invest in struggling European companies, Falfurrias Capital Partners raises $850m in oversubscribed fund, Alan Howard-backed 10T raises $750m for debut crypto fund, Crayhill Capital strikes $820m hard cap close for second credit-focused fundraise, Edmond de Rothschild's Eres IV eyes second close in H1 2022, Revaia closes Europe's largest female-founded VC fund, Octopus unveils UK Future Generations sustainable fund, TrueBridge Capital Partners closes seed & micro-VC fund I, at $170m, Federated Hermes launches low-carbon bond fund with Swedish partner[more]

    H.I.G. closes first European buyout fund at $2.4bn From PIonline.com: H.I.G. Capital closed its first European middle-market buyout fund, the H.I.G. Europe Middle Market LBO Fund, at €2 billion ($2.4 billion), a news release shows. The fund targets middle-market companies prim

  3. U.S.: Peter Thiel gamed Silicon Valley, Donald Trump, and democracy to make billions, tax-free[more]

    From Bloomberg: The meeting started with a thank-you. President-elect Donald Trump was planted at a long table on the 25th floor of his Manhattan tower. Trump sat dead center, per custom, and, also per custom, looked deeply satisfied with himself. He was joined by his usual coterie of lackeys

  4. Opalesque Exclusive: Female led team of veteran ESG investors to launch debut fund[more]

    Bailey McCann, Opalesque New York for New Managers: A female-led team of veteran ESG investors is preparing to launch a new fund early next year built on their ESG investing and advisory experience. Sustainable

  5. SPACs: After early investors flee SPAC deals, day traders rush in, PE-backed electric car maker Polestar worth $20bn in US SPAC deal, Europe's IPO market roars back to life but where are the SPACs?[more]

    After early investors flee SPAC deals, day traders rush in From WSJ: Day traders are targeting some companies that recently closed SPAC mergers, reinvigorating some of the meme-stock excitement that helped make such deals popular early in the year. The latest special-purpose-acquis