ITI Capital acquires 100% stake in Walbrook Capital

Walbrook are an FCA regulated brokerage house specialising in a range of asset classes and account types.

ITI Group, formerly known as Uralsib, financed the acquisition with a recent round of private equity investment from several co-investors, including Da Vinci Capital.

John Barker, chairman of ITI Capital, said, "the acquisition of Walbrook advances ITI Group's objective in building a financial technology group focused on sell side and buy side platforms, IT services and investments into financial technology businesses. ITI Group has developed a full suite of proprietary technology solutions for cross-asset financing, wealth management and online trading platforms for institutional and private clients. We are pleased to be able to extend this offering to Walbrook clients."

ITI Group is an emerging markets brokerage firm focused on technology, and with licenses in London and Guernsey the group look to consolidate their presence in the UK market.

Commenting on the acquisition, Simon Foster, head om Markets at Walbrook said, "Walbrook are excited to be part of the ITI Group with the backing of Da Vinci Capital. This will be highly beneficial to the client base knowing that Walbrook has a stable, respected and experienced parent that focuses on low latency platform development. It will also bring the benefit of an expanded product offering."