iSAM, which operates as an alternative asset manager and market maker, has moved to a new London headquarters to support the expansion of its operations and growing global demand for its services.
Expansion of Global Presence
Announced today (Thursday), the relocation followed the opening of its Cyprus office last May and its move to a larger office in Hong Kong in June. The Limassol office was set up to support clients in Europe, the Middle East, and Africa.
The group also has offices in the United States and the Cayman Islands.
“Our move to a new London headquarters is a direct reflection of the progress we’ve made and the scale of our ambitions,” said Neill Burger, Head of Operations at iSAM. “We are building an algorithmic trading business, with the needs of our clients at the core of everything we do.”
A Strategic Move by iSAM
iSAM includes iSAM Funds, a $6.5 billion alternative asset manager, and iSAM Securities, an algorithmic trading firm, market maker, and technology provider.
It is regulated by the FCA in the UK, the SFC in Hong Kong, and the CFTC in the US. It is also registered with CIMA in the Cayman Islands.
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The iSAM Securities unit last year launched a new solution allowing brokers to automate their risk management workflow. This was added to its existing risk management platform.
“As our client base continues to grow and diversify, so too must our capabilities. We remain focused on identifying new market opportunities, investing in the right people, and developing fast, robust, and well-tested solutions that meet the needs of our clients.”
Meanwhile, iSAM’s UK unit reported £27 million in turnover for 2024, down from £31.6 million the previous year. However, post-tax profits rose by 55 per cent to £9.6 million, suggesting the firm is focusing on higher-margin products such as Parallax rather than pure volume growth.
This article was written by Arnab Shome at www.financemagnates.com.
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