Mofid Securities
 | |
| Company type | Private |
|---|---|
| Industry | Banking Financial services |
| Founded | 1994 |
| Headquarters | Tehran, Iran |
Area served | International |
Key people | Hamid Azarakhsh[1] |
| Products | Investment Management Asset Management Brokerage Services |
Number of employees | +950[1] |
| Website | www |
Mofid Securities is a privately owned investment advisory and a full service brokerage firm in Iran that was established in 1994.[2] Mofid was one of the top 4 performers among Tehran Stock Exchange firms between 2010 and 2013.[3] Based on a report executed on 21 March 2015 more than 23% electronic deals were performed through Mofid Securities Co..[4]
Mofid has divided its core business into companies since 2016. Mofid Entekhab is the asset management arm of the group managing $89 M in October 2017, Mofid Idea is the advisory arm providing M&A and advisory services to corporates and Pouya Finance is the data processing arm, providing easy access to market data and financial statements.[5]
History
[edit]![[icon]](/wiki/File:Wiki_letter_w_cropped.svg){kind=small} | This section needs expansion. You can help by adding to it. (February 2024) |
Mofid Securities Company was established in 1994 by Hamid Azarakhsh.
Logo
[edit]Mofid Securities logo was redesigned in 2015 by Design Vand studio, Iranian partner of Rob Janoff.[6] The new logo is designed based on a pattern on an ancient Iranian pottery found in Tepe Hissar.[7]
Global investment advisory
[edit]In 2015, Mofid Securities and Sturgeon Capital, which is based in London and oversees $80 million in frontier and emerging markets, announced plans to invest in Iran’s consumer-facing companies, including pharmaceuticals, banks and consumer discretionary. The fund is based in Bermuda and will be "sanctions compliant".[8]
Partnership with Azimut Holding
[edit]
On October 6, 2017, Azimut Holding, an Italian independent asset manager, and Mofid Securities engaged into a contract in which Mofid Securities sold a 20% stake in its asset management business, Mofid Entekhab, to Azimut Holding. This partnership is aiming to develop an onshore financial advisory platform and establish an offshore fund enabling foreign investors to access Iranian capital markets.[9] The parties have ensured that the partnership will be compliant with economic sanctions requirements.[10]
See also
[edit]
- Venture capital in Iran
- Iranian Rial
- Economy of Iran
- Iranian Oil Bourse
Headquarters of Mofid Securities - Central Bank of Iran
- National Development Fund
- Iranian Economic Reform Plan
- Banking and insurance in Iran
- List of major economic laws in Iran
References
[edit]- ^ a b "Why Mofid". Mofid Securities. Archived from the original on 2015-06-14. Retrieved 2015-06-08.
- ^ "Brokerage Firms". www.tse.ir. Archived from the original on 2015-07-10. Retrieved 2015-06-08.
- ^ "Tehran Stock Exchange Members On-line Trading Activities". www.tse.ir. Archived from the original on 2015-06-15. Retrieved 2015-06-08.
- ^ "Mondo Visione - Worldwide Financial Markets Intelligence". www.mondovisione.com. 2015-08-29.
- ^ "Italian asset manager buys stake in Iranian rival". Financial Times. 2017-10-10. Retrieved 2017-10-17.
- ^ "DESIGN VAND". www.designvand.com. Retrieved 2016-11-13.
- ^ "کارگزاری مفید". کارگزاری مفید | پیشرفت پایدار. Archived from the original on 2016-11-08. Retrieved 2016-11-13.
- ^ "Hedge Fund Plans to Invest in TSE". Financial Tribune. 22 July 2015.
- ^ "BRIEF-Azimut signs a strategic alliance to develop Iranian asset management industry". Reuters. 2017-10-09. Retrieved 2017-10-17.
- ^ "Italian Group Acquires 20% Stake in Iranian Asset Management Firm". Financial Tribune. 2017-10-10. Retrieved 2017-10-17.