InterBolsa

Grupo InterBolsa
Sociedad Anónima
Traded as BVC: INTERBOLSA
Industry financial services
brokerage
data provider[1]
Founded 1990[2]
Headquarters Bogota, Colombia
Medellín, Colombia
Key people
 Rodrigo Jaramillo Correa, (Chairman)
Divisions Comisionista De Bolsa
Interbolsa Panama
Finabank
Website www.interbolsa.com

There is also another company, within the EURONEXT group, with the same name that is based in Portugal. this company, is responsible for the central securities depository and settlement systems management in Portugal.[3]

InterBolsa (BVC: INTERBOLSA) formerly the Interbolsa Financial Group now largely known as Grupo InterBolsa, was a Colombian based securities broker (largest in Colombia) and proprietary trader that also engaged in asset management and other types of investment banking, that operated until November 2012 when the Colombian Government ordered its closure by a default of debts with the local banking system. The group still has other investments and companies overseas whose operations may not be interrupted by this closure. [4]

The company had over 29% of the market volume of brokerage activity in Colombia.[5]

History

Until 2008 it operated as a loosely integrated conglomerate with a controlling interest in a number of smaller companies, each specializing in a different region (Panama) or product (InterBolsa Futures). In 2009 after it made a move into the Brazilian market when it acquired all of Finabank for US$21 million it officially organized itself into a holding company called Grupo InterBolsa.

Subsidiaries

Interbolsa Comisionista de Bolsa

Administradora de Inversión - Asset Manager that oversees Colombia's first private capital energy fund; InterBolsa Energético which was established in April 2009.

Interbolsa Panama

Finabank - Brazilian securities broker 90% owned by InterBolsa. Has repo operations.

Fundación InterBolsa - organizes corporate responsibility programs for the group of companies.

References

  1. ↑ Ecopetrol Quarterly Report
  2. ↑ Interbolsa Businessweek
  3. ↑ Interbolsa
  4. ↑ Liquidation of Interbolsa
  5. ↑ First Colombia ETF starts trading on NYSE Arca
This article is issued from Wikipedia - version of the Tuesday, April 05, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.