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Freedom Finance Global Gets an AIFC License

Now the company can provide a wider range of financial services

Photo: Shutterstock.com

Freedom Finance Global PLC (subsidiary of Freedom Holding Corp.) has obtained a license from the Astana International Financial Centre’s (AIFC) Committee on Financial Services Regulation. This document allows the company to provide clients with securities services through the Astana International Exchange and international securities markets including retail brokerage.

According to Timur Turlov, CEO of Freedom Holding Corp., the new company, which will work with securities at the AIFC, can open new possibilities for various clients in Kazakhstan by facilitating better adaptation of their portfolios for broader international goals in investing.

“We believe this new license will increase our performance in the region and boost the AIFC development,” Turlov stated. 

The company plans to open its first client accounts this July. It will also continue growing and expanding its subsidiary, Freedom Finance JSC, which is licensed to provide access to the Kazakhstan Stock Exchange (KASE) as well as to provide investment banking services to Kazakhstani businesses.

Freedom Holding Corp. is a financial services holding with affiliated companies in many former Soviet countries under the umbrella brand of Freedom Finance. Among the company’s services are: retail financial and brokerage services, investment consulting, securities trading, investment banking and underwriting services. The company is a professional member of KASE, AIX, Moscow Exchange, Saint Petersburg Stock Exchange, Republican Stock Exchange "Toshkent", and Ukrainian Exchange. The company has 70 branch offices in Kazakhstan, Russia, Kyrgyzstan, Ukraine, Uzbekistan, Germany and Cyprus with headquarters in Almaty, Kazakhstan and main offices in Russia and the United States.

The company's equity stocks are registered with the US Securities and Exchange Commission and are traded in America on the Nasdaq Capital Market, managed by Nasdaq, Inc.

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