UK-based agency brokerage Olivetree Financial Group has sold a minority stake to private investment manager Elcot Capital Management.
Olivetree, which launched in 2009 and has since expanded beyond London to the US and Asia, said it will use the investment to support plans for future growth by further developing its offering, which includes portfolio construction advice, event and catalyst-driven research, high touch execution and quantitative trading tools for institutional investors.
Last year, the broker launched Olivetree Solutions to provide independent quant analytics and consultancy services to help Olivetree Securities clients manage trading risk, reduce transaction costs and enhance portfolio construction.
Olivetree Solutions’ flagship product is OTAS, which is designed to provide traders with indications of the risks and signals most relevant to them.
“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,” said Daryn Kutner, chairman and CEO, Olivetree Financial Group. “We look forward to having an investor who shares our ambition and supports our vision.”
The purchase of the stake remains subject to approval by UK regulator the Financial Services Authority.