Olivetree Financial Group Announces Strategic Invesment by Elcot Capital Management to Drive Growth

Informations

• Publié par: olivetree-financial-group-limited
• Nombre de lectures: 11
• Langue: English

Extrait

Olivetree Financial Group Announces Strategic

Invesment by Elcot Capital Management to

Drive Growth

PR Newswire

LONDON, June 26, 2012

LONDON

,

June 26, 2012

/PRNewswire/ --

- Elcot to acquire minority shareholding in Olivetree

Olivetree Financial Group Limited ("Olivetree"), an equity brokerage and

technology firm, today announces that Elcot Capital Management Limited,

("Elcot Capital"), a privately owned investment management firm has made a

strategic investment in the company to support the next phase of its growth.

The transaction, which remains subject to FSA authorisation, involves The Elcot

Fund Limited acquiring a minority stake in Olivetree for an undisclosed sum.

Olivetree will be a significant investment for Elcot Capital, which is headed by

Mike Vogel, formerly CEO of Framlington and Prolific.

Elcot Capital has extensive experience of investing in the securities and asset

management sectors and has been committed for some time to identifying the

right opportunity to leverage the rapidly changing dynamics at play in

this industry.

Elcot Capital's investment will enable Olivetree to further develop its unique

offering, which combines portfolio construction advice, event and catalyst

driven research / high touch execution with state of the art quantitative tools to

help capture and maximise alpha.

Following the launch of Olivetree Securities in 2009, the company has rapidly

grown into a leading international equities intermediary brokerage and now

works with a focused list of institutional clients across

Europe

, the US and

Asia

.

The company has since evolved to meet client needs and in 2011, it formed

Olivetree Solutions to provide independent quant analytics and consultancy

services to select Olivetree Securities clients. Olivetree Solutions works directly

with traders and portfolio managers to help manage trading risk, reduce

transaction costs and enhance portfolio construction. Its flagship OTAS platform

is a unique suite of content and tools that provides traders and portfolio

managers with unparalleled insight into the risks and signals relevant to them.

In light of these developments, the company has established Olivetree Financial

Group as its holding company, with Olivetree Solutions and Olivetree Securities

as complementary subsidiaries.

Daryn Kutner, Chairman and CEO of Olivetree Financial Group said: "We are

delighted by Elcot Capital's decision to invest in Olivetree. Over the last three

years we have expanded our securities brokerage business to encompass a

financial technology company and Elcot Capital's investment will support our

future growth plans. We look forward to having an investor who shares our

ambition and supports our vision."

Mike Vogel, Chairman and CEO, Elcot Capital said: "In Olivetree we have a

compelling opportunity to invest in a firm that has developed a unique

proposition combining cutting edge technology with quant expertise and deep

analysis of special situations. We look forward to forming a long standing and

successful partnership that enables Olivetree to maximise its potential."

About Olivetree Financial Group

Olivetree Financial Group is a global financial services firm headquartered in

London

. The company delivers a unique service to the market by combining

fundamental and quantitative expertise in a consultative approach through its

two subsidiaries, Olivetree Securities and Olivetree Solutions. Olivetree

Securities is an independent agency broker with an exclusively institutional

client base, focusing on European and US equities. Olivetree Securities does

not undertake proprietary trading or provide corporate advisory services.

Olivetree Solutions provides independent quant analytics and consultancy

services. Olivetree Solutions works directly with traders and portfolio managers

to help manage trading risk, reduce transaction costs and enhance portfolio

construction.

Olivetree Financial Group Limited, Olivetree Securities Limited and Olivetree

Solutions Limited are private limited liability companies registered in

England

and

Wales

. Olivetree Securities Limited is authorised and regulated by the UK's

Financial Services Authority. Its FSA registration number is 494671. Tel:

[phone].

http://www.olivetreesecurities.com

About Elcot Capital Management

Elcot Capital Management is a privately owned investment management firm,

founded in 2003 and based in

London

. The company has a long term, multi-

strategy investment approach designed to take advantage of its permanent

capital base. It has a significant exposure to the financial services industry, a

field in which the principals of the company have on average over 30 years'

experience.

Elcot Capital Management Limited is a private limited liability company

registered in

England

and

Wales

and is authorised and regulated by the UK's

Financial Services Authority. Its FSA registration number is 226249.

Notes to Editors:

For further information please contact

Patrick Evans / Paul Griffin, Citigate Dewe Rogerson

Tel: [phone]