JFD CEO Lars Gottwik to Step Down This Month

JFD Group, a Multi-Asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term brokerage, announced today that Lars Gottwik, Co-Founder and CEO of JFD Group, will step down from his position by the end of this month. Under Gottwik, JFD Group acquired German investment bank, Acon Actienbank AG.

According to the official announcement shared with Finance Magnates, Gottwik spent more than 10 years at JFD Group. He accelerated the expansion activities of the company through the opening of multiple offices in different cities around the world, including Limassol (Cyprus), Ludwigsburg (close to Stuttgart, Germany), Varna and Sofia (Bulgaria), Shenzhen (China) and Madrid (Spain).

JFD Group mentioned that Gottwik will depart on 30 April 2021.

Commenting on the latest announcement, Gottwik said: “It was a unique experience and great adventure growing JFD, together with my teammates, from zero to a globally renowned multi-asset broker. Our team spirit, combined with the ambition to change a whole industry for the better by becoming more transparent and client-centric, made the difference. After these ten years, I leave JFD being proud of what we achieved as a team. Yet, it is time for a new chapter in my professional career. I want to thank once more my colleagues for such an amazing experience.”

In 2019, Finance Magnates reported about the opening of an office in Madrid by JFD to expand its services.

Gottwik’s Achievements

JFD Group highlighted the milestones achieved by Gottwik during his time at the company. The brokerage praised Gottwik’s strategic leadership and his acquisition strategy.

“Under Lars’s strategic leadership, the company evolved from an ambitious Startup Startup A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c Read this Term to a global financial group, establishing an overseas subsidiary and acquiring in 2018 the German investment bank, Acon Actienbank AG which was renamed to JFD Bank AG with him as the CEO. Having three operational licenses on its belt, JFD became a recognized multi-asset brokerage powerhouse serving clients from more than 130 countries across five continents,” the financial services provider mentioned in the official press release.

In December 2020, JFD Group introduced commission-free ETF trading for European clients.