Exclusive: IronFX Changes Name of Cypriot Subsidiary, Retains Branding

Cyprus-registered IronFX has changed its name, the official registrar shows. The broker's name has been amended to Notesco Financial Services after it signed a deal under the terms of which it received a significant investment from a new investor from the Middle East, Gemini Financial Services.

Discover credible partners and premium clients at China’s leading finance event!

[gptAdvertisement]

As part of the deal, the new investor now has one seat on the board of directors of the newly-named company. Mr. Puneet Kamra has joined the firm to represent the interests of Gemini Financial Services. The $100 million investment which the firm publicised earlier this year is related to a member of the Al Saud family.

A company spokesperson confirmed to Finance Magnates that the changes are part of the ongoing transformation of the brokerage after the investment from Gemini. What's notable about the investor is that the board of the company includes H.H. Prince Mishaal bin Abdullah bin Turki bin Abdulaziz Al-Saud.

The new board member serves as a managing director of Gemini FS. Kamra specializes in transaction Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term at the company. His CV includes previous roles at KPMG, Fidelity Investments and Deloitte.

The firm retains the brand names that it has been working with. Those include IronFX and FXGiants, with the brokerage business of the firm spread across its Cyprus, UK and Australian subsidiaries.