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Finam Holdings (Russian: ФИНАМ) is a financial services company headquartered in Moscow, Russia. It is the parent company of Finam Investment Company. In April 2017 it was the third largest brokerage firm in Russia, and ranks second among providers of individual investment accounts in the country.
Finam’s subsidiaries operate on all major stock, bond, options and futures exchanges, and offer trading on Forex and CFDs. Additionally, Finam runs a number of mutual funds and offers trust management services for assets, pension fund accruals and reserves.
Finam’s subsidiaries also include CJSC Finam, Asset Management Company Finam Management, Investment Fund Finam Global, WhoTrades Ltd., Finam Bank, Finam Training Center and Finam FM radio station. Finam pursues an active direct investment policy focusing on acquisition of high-tech projects.
In 1994, Finans-Analytic Investment Company was founded by Viktor Remsha. By 1996, it became a clearing firm on the Russian Stock exchange and opened its first regional branch in Noyabrsk (Tyumen Region). By the end of the decade, the company had continued expanding its offering by becoming member of the National Association of Securities Market Participants (NAUFOR), Moscow Exchange (MSE), St. Petersburg Stock Exchange, Moscow Interbank Currency Exchange (MICEX) and the Russian Trading System.
In 1999, the company launched its first workshops for investors, which would later become Finam Training Center with over 100,000 yearly students. In 2000, the company began offering online trading services and launched Finam.ru.
In 2002, the Finans-Analytic group became Finam Holdings. It began offering its clients trading on US securities.
In 2004, Finam acquired Megavatt Bank, which was later renamed Finam Bank. In 2006, a full-fledged investment company was launched, which would later assist in the IPOs of a number of high-tech companies including OJSC Diod, OJSC Russian Navigation Technologies and OJSC Pharmasynthez.
By 2010, Finam dominated the Russian equities market with the highest trade volume executing RUB 120,768.24 million in transaction. It expanded internationally by becoming a member of the Frankfurt Stock Exchange. In 2011, it opened a Bangkok, Beijing and New York office.
In 2012, WhoTrades Ltd. was launched as an investor social network and brokerage company targeting users from around the world. Finam Global Investment Fund was established as a business incubator to support startups geared towards global expansion. Finam FM Radio was ranked among the Top 5 media resources in Moscow. Finam Bank was ranked among the top 40 banks by number of ATMs with a cash-in function.
Today, Finam has branch offices in over 90 cities in Russia.
Investment in IT Projects
Finam is the leader in Russian IT investment. It has had controlling interest in sites like Mamba, MoneyMail, E-generator, and SMI2. It has had minority stakes in Badoo, and Shape Gmbh. Finam Global direct investment fund manages over 30 companies and has a total portfolio value of USD 900 million.
- "Russian brokerages freely trade sanctioned shares". Financial Times. Retrieved 28 August 2017.
- "Московская биржа зарегистрировала более 200 тысяч ИИС". Московская Биржа. Retrieved 28 August 2017.
- "Russia’s Finam invests $30M into fast-growing social network Badoo". VentureBeat. 21 January 2008. Retrieved 28 August 2017.