Equiti Group Injects $10 Million in Equiti Capital UK

Equiti Capital UK Limited (Equiti UK), the UK arm of financial services provider Equiti Group, announced that it has received a $10 million capital injection from parent Equiti Group Limited.

The parent company plans to support a number of strategic business initiatives of Equiti UK. The latest capital injection will strengthen the UK broker’s balance sheet and support a number of strategic business expansion initiatives underway.

“There will be no change in control as a result of the new share issue, as this is a direct subscription from Equiti Group Limited, the parent company which wholly owns Equiti Capital UK,” Equiti mentioned in the announcement.

The capital increase comes after Equiti Capital has made a number of management changes. The company recently hired former ADSS UK CEO Paul Webb as COO, responsible for leading Equiti’s front office trading activities.

Earlier this month, Mitesh Vaghela, Equiti Capital Director of Product, has announced his resignation from his position​ at the company. After spending over three years at the firm, Vaghela unveiled via LinkedIn that his tenure in the company came to an end.