Mofid Securities

Mofid Securities is a privately owned investment advisory and a full service brokerage firm in Iran that was established in 1994.[2] Mofid was one of the top 4 performers among Tehran Stock Exchange firms between 2010 and 2013.[3] Based on a report executed on 21 March 2015 more than 23% electronic deals were performed through Mofid Securities Co..[4]

شرکت کارگزاری مفید
Mofid Securities
Sherkat-e Kargozari-ye Mofid
TypePrivate
IndustryBanking
Financial services
Founded1994
HeadquartersTehran, Iran
Area served
International
Key people
Hamid Azarakhsh[1]
ProductsInvestment Management
Asset Management
Brokerage Services
Number of employees
+950[1]
Websitewww.emofid.com/en

Mofid has divided its core business into companies since 2016. Mofid Entekhab is the asset management arm of the group managing $89 M in October 2017, Mofid Idea is the advisory arm providing M&A and advisory services to corporates and Pouya Finance is the data processing arm, providing easy access to market data and financial statements.[5]

History

Mofid Securities Company was established in 1994 by Hamid Azarakhsh.

Mofid Securities logo was redesigned in 2015 by Design Vand studio, Iranian partner of Rob Janoff.[6] The new logo is designed based on a pattern on an ancient Iranian pottery found in Tepe Hissar.[7]

Global investment advisory

In 2015, Mofid Securities and Sturgeon Capital, which is based in London and oversees $80 million in frontier and emerging markets, announced plans to invest in Iran’s consumer-facing companies, including pharmaceuticals, banks and consumer discretionary. The fund is based in Bermuda and will be "sanctions compliant".[8]

Partnership with Azimut Holding
Mofid Securities new logo is designed based on a pattern on an ancient Iranian pottery found Tepe Hissar. it is estimated to be more than 6,000 years old.

On October 6, 2017, Azimut Holding, an Italian independent asset manager, and Mofid Securities engaged into a contract in which Mofid Securities sold a 20% stake in its asset management business, Mofid Entekhab, to Azimut Holding. This partnership is aiming to develop an onshore financial advisory platform and establish an offshore fund enabling foreign investors to access Iranian capital markets.[9] The parties have ensured that the partnership will be compliant with economic sanctions requirements.[10]

See also

References
  1. "Why Mofid". Mofid Securities. Archived from the original on 2015-06-14. Retrieved 2015-06-08.
  2. "Brokerage Firms".
  3. "Tehran Stock Exchange Members On-line Trading Activities".
  4. "Mondo Visione - Worldwide Financial Markets Intelligence".
  5. "Italian asset manager buys stake in Iranian rival". Financial Times. 2017-10-10. Retrieved 2017-10-17.
  6. "DESIGN VAND". www.designvand.com. Retrieved 2016-11-13.
  7. "کارگزاری مفید". کارگزاری مفید | پیشرفت پایدار. Retrieved 2016-11-13.
  8. "Hedge Fund Plans to Invest in TSE". 23 July 2015.
  9. "BRIEF-Azimut signs a strategic alliance to develop Iranian asset management industry". Reuters. 2017-10-09. Retrieved 2017-10-17.
  10. "Italian Group Acquires 20% Stake in Iranian Asset Management Firm". Financial Tribune. 2017-10-10. Retrieved 2017-10-17.
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