Almost 11 months after JFD Brokers started the acquisition of the investment bank ACON, the German financial industry regulator Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), as well as the Central Bank of Germany (Bundesbank), approved the deal. With the acquisition, our multi-asset brokerage & portfolio management company enhances its product range with investment banking services.
Six years since establishment, we keep growing our business meeting the needs of both retail and institutional investors expanding into different directions by offering digital asset management, on-exchange stock trading and investment advisory services. With an investment banking licence now on our belt, we are about to further strengthen our positions as a respected financial institution. Especially in a situation where the whole industry faces further decreases in sales, this step shows that JFD is on an expansion course with a growing range of products.
It’s rare in the industry that companies of that age and size acquire banks. Having ACON Bank - with its Exchange Memberships of Deutsche Börse, Vienna Stock Exchange and some regional German exchanges - within JFD’s group of companies is just another major milestone in our roadmap but there is much more to come as we see in this acquisition plenty of growth opportunities. The door is open for us into the (digital) investment banking world where we will be able to meet the needs of both the young generations (in terms of execution and investment services) and the corporations (with innovative capital and liquidity solutions). Our target markets will expand to Latin America and South-East Asia while we retain our strong position as a market leader in Central Europe.
Founded in 2006 in Germany, ACON Actienbank AG is now an integral part of JFD bringing outstanding experience in investment banking, trading services (including designated sponsoring, market making and institutional sales trading), as well as in the provision of advisory solutions for institutional clients in terms of M&A and debt financing. The bank has offices in Munich, Frankfurt am Main, Berlin and London supporting medium-sized enterprises with tailor-made financing solutions for all business phases. It has already built its solid reputation as a trusted and competent partner for more than 300 customers realising 500+ projects on the German capital market. ACON’s experienced team offers product-agnostic competent advice and support in the complete structuring and execution of capital market transactions in all segments. Its dealing desk provides professional support in the areas of designated sponsoring as well as institutional sales trading and retail trading.