MEXICO CITY–(BUSINESS WIRE)–Grupo Bursátil Mexicano (GBM), a number one funding platform within the Mexican inventory marketplace for over 35 years, as we speak introduced that it has reached an settlement with the SoftBank Latin America Fund, below which the SoftBank unit will make investments as much as US$150 million right into a subsidiary of GBM. The transaction values GBM’s working holding at over US$1 billion. GBM plans to make use of the proceeds to speed up progress in all of the enterprise strains the place it presently operates, in addition to increasing into new verticals. GBM can even enhance investments with the intention to improve the democratization of investments in Mexico, and supply monetary schooling in order that Mexicans can regain management of their funds. The corporate will proceed to deal with constructing out its proficient group of greater than 450 staff – who deliver deep expertise from the biggest tech and monetary companies globally – in addition to to draw high expertise within the area and improve its funding merchandise.
GBM has led Mexico’s inventory market with a market share of over 16% in fairness buying and selling and greater than MX$800 billion in property below custody. The corporate goals to scale the scarce providing of high quality monetary providers in Mexico, which is presently dominated by the large banks.
Because the digital transformation has accelerated, GBM has continued to develop its person base. In response to the Nationwide Banking and Securities Fee (CNBV), there have been solely 298,000 brokerage accounts in Mexico on the finish of 2019, which surged to 940,000 by the top of 2020. Over that interval, GBM grew its funding accounts from 38,000 to over 650,000, growing its share of the full funding accounts within the nation from 8% to 70%. On the finish of March 2021, GBM surpassed the a million accounts mark.
“GBM’s mission is to rework Mexico into a rustic of buyers. For over 35 years, we’ve got been a number one participant within the funding trade and as we speak, due to our know-how, we at the moment are in a position to broaden our providers to everybody by means of our GBM+ platform. Moreover, GBM will preserve investing in having the perfect product providing for our institutional and company purchasers. In addition to constructing the perfect exterior advisor base within the nation.” acknowledged Pedro de Garay Montero, Co-CEO of GBM. “SoftBank is investing in corporations which might be remodeling the world, and GBM isn’t any exception. We’re delighted to associate with them as we speed up our mission of serving to Mexicans obtain monetary freedom.”
“Over the previous 35 years, GBM has constructed an unparalleled place with its world-class group and revolutionary know-how,” stated Marcelo Claure, CEO of SoftBank Group Worldwide and COO of SoftBank Group Corp. “As we glance to make long-term investments in corporations that may drive progress and innovation within the area, SoftBank is proud to associate with GBM, the main funding platform remodeling Mexico’s wealth administration sector, in its mission to make investing accessible to all Mexicans.”
“We need to democratize investments in Mexico and supply all Mexicans with entry to the monetary markets. We’re conscious that it is a large-scale mission, however we’re satisfied that SoftBank might be an amazing ally to perform this job,” stated GBM’s Co-CEO, José Antonio Salazar Guevara.
GBM is Mexico’s main funding platform and brokerage agency. With over 1,000,000 funding accounts, the corporate is remodeling the investing panorama, with the mission of democratizing investing in Mexico. The corporate serves establishments, people and exterior advisors, holding over MX$800 billion pesos in property below custody. Over the past decade, the corporate has been investing in digital options to allow Mexican’s entry to a variety of funding merchandise, now accessible by means of its GBM+ app. Right here, purchasers can put money into customized portfolios by means of its Wealth Administration answer, entry an open product platform for self-trading, and have a versatile & yielding account for his or her money wants by means of Good Money.