Hoxton Capital Management has received regulatory approval from the Australian Securities & Investments Commission (Asic) to set up an office in the country.
This news comes a couple of weeks after it obtained a licence in the US, as it continues to pursue regulatory licences globally.
The Australia licence will allow the firm to offer advice services to the over one million UK expats now living in the country, which was the “obvious next step for the business”, the firm said.
Hoxton now employs over 60 people across multiple offices around the world.
Transparent market
Chris Ball, managing partner at Hoxton Capital Management, said: “The first step of this process was to acquire an [Australian Financial Services Licence], which we have completed.
“The second step now is to build a highly qualified advisory team to service the huge expatriate client base that currently resides in Australia.
“We believe that the prospects of growing a company in such a well-regulated and transparent market will mean that we can really help clients to get the best outcomes from their existing assets and any new assets that they acquire over time.”
Background
Hoxton Capital was founded by ex-deVere duo Matt Dean and Ball in 2018.
It has licences in the UK, the US and now Australia and will serve clients in all of the regions.
The firm provides advice across the Middle East region through a Fujairah free-zone investment consultancy trade licence and currently has a financial consultancy and financial analysis licence application pending with Securities and Commodities Authority (SCA) to service clients in the UAE.
