Equiti Capital UK Limited, the UK arm of financial services provider Equiti Group, announced today that it has received a $10 million capital injection from parent company Equiti Group Limited.
The official announcement shared with Finance Magnates states that the Group is planning to support a number of strategic business initiatives of Equiti UK through the latest capital injection.
Equiti Capital recently hired Paul Webb, an industry veteran with nearly two decades of experience in international financial markets, as its Chief Operating Officer (COO).
“The USD$10 million increase in share capital will strengthen Equiti UK’s balance sheet and support a number of strategic business expansion initiatives underway. There will be no change in control as a result of the new share issue, as this is a direct subscription from Equiti Group Limited, the parent company which wholly owns Equiti Capital UK,” Equiti mentioned in the announcement.
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