Finam Holdings

Finam Holdings is a Moscow-based Russian financial-services group and the parent of Finam Investment Company. Its activities have included securities brokerage, investment banking, banking, trust and asset management, private equity, financial research and information, foreign-exchange services, investor education, and selected investments in internet and information-technology businesses. The group developed from Finans-Analytic Investment Company, founded in 1994 by Viktor Remsha, and adopted the Finam Holdings name in 2002 as its business expanded beyond its original brokerage and analytical focus. The company’s early development followed the growth of Russia’s post-Soviet securities markets. In 1996 it became a clearing firm on the Russian Stock Exchange and opened a regional branch in Noyabrsk in the Tyumen region. During the late 1990s it joined important Russian securities-market organizations and venues, including the National Association of Securities Market Participants, the Moscow Exchange, the Saint Petersburg Stock Exchange, the Moscow Interbank Currency Exchange, and the Russian Trading System. Finam also began holding investor workshops in 1999, an educational activity that later developed into the Finam Training Center. Online access became a central part of the group’s retail proposition. Finam began offering online trading in 2000 and launched finam.ru, which combined market information, analytical material, and investor-oriented services. In 2002 the group began offering brokerage access to United States securities. Its banking presence followed the 2004 acquisition of Megavatt Bank, subsequently renamed Finam Bank. The group later expanded its international presence through membership of the Frankfurt Stock Exchange and offices or representative operations in locations including New York, Bangkok, Beijing, Limassol, Karaganda, Delhi, Jakarta, and Kuala Lumpur. Finam’s operating structure has included Finam Investment Company for brokerage, Finam Investment Bank for banking services, Finam Management for trust management and open-end funds, Finam.ru as an information and analytical agency, the Finam Training Center, FINAM FOREX, and the Finam Global private-equity vehicle. Its education division has been described as serving more than 100,000 students annually. The group has also invested in digital businesses, holding controlling interests at various times in services such as Mamba, MoneyMail, E-generator, and SMI2, as well as minority interests in Badoo and Shape GmbH. In Russian retail finance, Finam has been recognized as a significant independent brokerage group. Reference material describes it as the country’s third-largest brokerage firm in April 2017 and as the second-largest provider of individual investment accounts at that time. The group has also received repeated industry awards in categories covering brokerage, financial services, innovation, education, and investment markets. Its international WhoTrades operations received awards in foreign exchange, social trading, brokerage innovation, and regional market growth. Exact current financial figures, ownership details, and a consolidated list of active subsidiaries are not established by the supplied sources.

Finam’s history begins in 1994, when Viktor Remsha founded Finans-Analytic Investment Company in Russia. The company entered the developing Russian securities infrastructure and in 1996 became a clearing firm on the Russian Stock Exchange. That year it also opened its first regional branch, in Noyabrsk in the Tyumen region, establishing a pattern of expansion beyond Moscow. By the end of the 1990s, Finans-Analytic had become a participant in several important securities-market organizations and trading venues. These included the National Association of Securities Market Participants, the Moscow Exchange, the Saint Petersburg Stock Exchange, the Moscow Interbank Currency Exchange, and the Russian Trading System. The company also began investor workshops in 1999. Those workshops later evolved into the Finam Training Center, an education business reported in the supplied material to have more than 100,000 students each year. The group added a digital distribution channel in 2000, when it began offering online trading and launched finam.ru. The website developed into a broader financial-information and analytical platform alongside the company’s brokerage services. In 2002 Finans-Analytic became Finam Holdings and began providing access to United States securities, marking a wider international and multi-asset orientation. Banking became part of the group in 2004 through the acquisition of Megavatt Bank, which was subsequently renamed Finam Bank. Finam later expanded its international links by becoming a member of the Frankfurt Stock Exchange and opening offices in Bangkok, Beijing, and New York in 2011. Reference material also describes representative offices or branches in more than 90 cities and countries, including a large Russian branch network and locations across Asia, Europe, and North America. Finam broadened its activities through both operating subsidiaries and technology investments. Its structure has included a brokerage company, an investment bank, an asset-management company, Finam.ru, a training organization, a foreign-exchange company, and the Finam Global private-equity fund. In technology and internet businesses, the group held controlling interests at various times in Mamba, MoneyMail, E-generator, and SMI2, while taking minority positions in Badoo and Shape GmbH. The group’s public profile has been closely associated with Russian retail investing and brokerage. The supplied reference identifies Finam as the third-largest Russian brokerage firm in April 2017 and the second-largest provider of individual investment accounts. Its award history includes repeated recognition in Russian financial-services and stock-market rankings, as well as awards associated with innovation and investor education. The international WhoTrades division was also recognized in several trading and brokerage categories. The supplied sources do not establish a complete current corporate structure, consolidated financial performance, or definitive ownership information.

• 2017

  High Russian brokerage ranking reported

  [1]Finam Holdingsen.wikipedia.org

  Reference material ranked Finam third among Russian brokerage firms and second among providers of individual investment accounts in April.

• 2011

  International office expansion

  [1]Finam Holdingsen.wikipedia.org

  Finam opened offices in Bangkok, Beijing, and New York after expanding its international market presence.

• 2004

  Megavatt Bank acquired

  [1]Finam Holdingsen.wikipedia.org

  Finam acquired Megavatt Bank and later renamed it Finam Bank.

• 2002

  Finam Holdings established

  [1]Finam Holdingsen.wikipedia.org

  The Finans-Analytic group adopted the Finam Holdings identity and began offering United States securities brokerage.

• 2000

  Online trading and finam.ru introduced

  [1]Finam Holdingsen.wikipedia.org

  The company began online trading services and launched its financial-information website.

• 1999

  Investor education launched

  [1]Finam Holdingsen.wikipedia.org

  Finans-Analytic began investor workshops, later forming the basis of the Finam Training Center.

• 1996

  Clearing and regional expansion

  [1]Finam Holdingsen.wikipedia.org

  The company became a clearing firm on the Russian Stock Exchange and opened its first regional branch in Noyabrsk.

• 1994

  Finans-Analytic Investment Company founded

  [1]Finam Holdingsen.wikipedia.org

  Viktor Remsha founded the company that later became the Finam financial group.

Independent, multi-line Russian investment and financial-services group serving retail investors, institutions, and corporate clients.

• Securities brokerage

  Finam Investment Company

  The group’s brokerage arm provides access to securities markets for investors. Its development included participation in Russian exchanges and later access to United States securities, supported by online trading and a broad regional distribution network.

• Asset management

  Finam Management

  Finam Management handles trust-management activities and open-end investment funds within the group. It extends Finam beyond execution and brokerage into professionally managed portfolios and collective investment products.

• Banking · 2004

  Finam Bank

  Finam Bank was created through the group’s acquisition of Megavatt Bank in 2004 and its subsequent rebranding. It represents the banking component of Finam’s broader financial-services structure.

• Financial information and analysis · 2000

  Finam.ru

  Launched in 2000, finam.ru combines financial information, market analysis, and investor-oriented content. It also functions as an information and analytical agency within the group’s structure.

• Investor education · 1999

  Finam Training Center

  The training center grew out of investor workshops started in 1999. Its educational activities cover finance and investing, and the supplied reference describes annual participation exceeding 100,000 students.

• Private equity

  Finam Global

  Finam Global is the group’s private-equity investment vehicle or partner platform. The supplied material identifies it as part of the group’s main divisions but does not provide a current portfolio or fund-size breakdown.

• Foreign-exchange services

  FINAM FOREX

  FINAM FOREX is identified in the group structure as the foreign-exchange services division. The supplied sources do not specify its current product range or operating jurisdictions.

• 2004

  Acquisition and renaming of Megavatt BankM&A

  Background

  Finam sought to add banking capabilities to its brokerage and investment-services platform.

  Action taken

  The group acquired Megavatt Bank and subsequently renamed it Finam Bank.

  Aftermath

  Banking became one of the principal operating divisions of the holding company.

  Source

• 2002

  Formation of Finam Holdings and United States securities expansionStrategy

  Background

  The Finans-Analytic group was broadening its identity and geographic scope beyond its original Russian brokerage activities.

  Action taken

  The group adopted the Finam Holdings name and began offering brokerage in United States securities.

  Aftermath

  The change supported Finam’s development as a multi-line and internationally oriented financial group.

  Source

• 2000

  Launch of online trading and finam.ruProduct launch

  Background

  Finam was expanding beyond branch-based brokerage as internet access became more important to retail investors.

  Action taken

  The company introduced online trading services and launched finam.ru as a digital financial-information and analytical platform.

  Aftermath

  The online channel became a central part of Finam’s retail brokerage and information-services proposition.

  Source

1. 1Finam Holdingsen.wikipedia.org