Doo Group Affiliate Doo Financial’s Successful Acquisition of Broker And Fund Licensee In Australia

Doo Group affiliate, Doo Financial, embarks on a new strategic roadmap with the acquisition of Kinsmen Securities Limited, now known as Doo Financial Australia Limited. They are an Australian financial services licensee regulated by the Australian Securities & Investments Commission, with expertise in mortgage funds, property investments, and private equity investments.

This acquisition has proven Doo Financial’s strength and the breadth to bring rich funds management experience in analyzing and execution, as well as consolidate Doo Financial’s service as a leading-edge financial services provider.

Kinsmen – A Preferred Investment Partner

Kinsmen Group has evolved from a successful diversified property group into a leading specialist funds management and investment group. In 2002, Kinsmen Securities Limited was established to hold an Australian financial services (AFS) license.

Over the years, the firm has identified and managed investments across a range of sectors to provide investors and clients with a comprehensive selection of opportunities to meet their wealth creation needs.

Following product and geographic expansion, Kinsmen has capitalized on its strong finance and governance capabilities to become a well-established financial services provider with offices in Brisbane, Sydney, Melbourne, and Adelaide.

Kinsmen’s continuous tenacity and bold strategies are beyond admirable. Considering the strengths of Kinsmen, Doo Group intends to venture into the Australian market; therefore, the Group came up with a strategic plan to acquire Kinsmen Securities Limited.

After half a year of steadfast business negotiation, due diligence and legal document drafting, as well as transaction processing, Doo Group is proud to announce that we have successfully acquired Kinsmen Securities Limited from an Australia-listed company, CL Asset Holdings Ltd (ASX:CLS), along with an AFS license. The entity has also been renamed to Doo Financial Australia Limited.

A New Chapter For Doo Financial Australia Limited

Through this acquisition, Doo Group affiliate, Doo Financial, is looking to solidify its presence in the global financial market and increase its client base – particularly transcontinental partnership with real estate companies.

Doo Financial Australia Limited is authorized to provide the following services to retail and wholesale clients:

• provide general financial product advice, including but not limited to securities, derivatives, debentures, bonds, interests in managed investment schemes;
• deal in a financial product, including but not limited to securities, derivatives, debentures, bonds, interests in managed investment schemes;
• operate registered managed investment schemes in direct real property, financial assets,and mortgages; and
• provide custodial and depository services.

In addition to that, Doo Financial Australia Limited also brings to clients a wealth of experience and knowledge. The entity is at the helm of Craig John Watson and Gary Richard Dainton, both had more than 20 years of experience in securities, derivatives, and fund investment management.

The Future Of Doo Group’s Global Business Map

This strategic business partnership is designed to be lucrative for all stakeholders involved.

At current, the firm provides professional investors and clients with brokerage services in trading global securities, futures, CFDs, and many other financial products. Besides that, we strive to grow our clients’ portfolio – being with them as they make smart purchasing decisions that will increase the overall value of our clients’ funds.

This is just a small sample of Doo Group’s offerings. While our core business remains as brokerage, we are expanding our vast portfolio to include fund management- and asset management-related businesses to supplement our product family. Doo Financial’s acquisition of the broker and fund license in Australia is a step forward towards that.

The goal is to seek opportunities for a transcontinental partnership with real estate companies in Australia, to invest and develop some projects such as a student accommodation fund. The fund will provide investors and clients with the opportunity to capitalize on the compelling Australian student market, which in turn generates revenue growth for them.

It is hoped that with this new acquisition, Doo Financial can broaden its strategic roadmap and strengthen its product expansion into the global financial market. Furthermore, this move will significantly boost investors’ confidence and enhance Doo Financial’s social credibility.

On a whole, the brokerage firm expects and will strive to continuously improve the user experience and the services offered to its clients. 

About Doo Group       

Established in 2014, Doo Group is headquartered in Singapore. After years of development, the Doo Group has become a large fintech-motivated financial service group, comprised of affiliates including Doo Clearing, Doo Financial, Doo Prime, and Doo Tech.  

Doo Group is committed to serving individuals and institutional customers around the world with innovative trading brokerage services for securities, futures, Contract For Differences (CFDs), and other trading products.

Currently, some of the legal entities under Doo Group are regulated by financial regulators around the world, including the US Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), the UK Financial Conduct Authority (FCA), the Australian Securities & Investments Commission (ASIC), the Seychelles Financial Services Authority (FSA), the Mauritius Financial Services Commission (MFSC), and the Vanuatu Financial Services Commission (VFSC), with operating centres located in Dallas, London, Sydney, Singapore, Hong Kong, Dubai, Kuala Lumpur, and other regions.

Visit us at www.doogroup.com

For enquiries and further information, please contact us:     

Hong Kong: +852 6701 2091        

Email: [email protected]  

[Disclaimer]    

This information is addressed to the general public solely for information purposes and should not be taken as investment advice, recommendation, offer, or solicitation to buy or sell any trading instrument. The information displayed herein has been prepared without any reference or consideration to any particular recipient’s investment objectives or financial situation. Past performance of an investment is not an indication of its performance in the future. Doo Group makes no representation and warranties to the information displayed and shall not be liable for any direct or indirect loss or damages as a result of any inaccuracies and incompleteness of the information provided. Doo Group shall not be liable for any loss or damages as a result of any direct or indirect trading risks, profit, or loss associated with any individual’s investment.