ACY Securities has opened a new office in Melbourne as the multi-asset brokerage prepares to establish a new holding company, ACYLogix Pty.
The group is planning a consolidation of ACY Securities, the financial services arm, and Zerologix, the sister technology arm of the ACY Group of companies to form the new holding.
Bruce Atkinson – MLC, Former President of Victorian Legislative Council, Mr Keith Wolahan, MP, Member for Menzies, and Mr Luke Donnellan – MLA For Narre Warren North, attended the official ribbon-cutting ceremony at a special gala event held at the Park Hyatt Hotel Melbourne.
“It’s very much about being customer centric and how are we going to be an enabler for people, who need to make decisions that will impact upon their lives, that will ensure wealth creation, that will ensure successful careers and retirements and that will enable them to also participate not just in Australia, but in global markets as well with a degree of safety because the information that they have to work with is going to be accurate, timely and on a platform that has integrity”, said Bruce Atkinson.
Jimmy Ye, Chief Executive Officer at ACY Securitiesm, said: “Our Victorian Headquarters is a symbol of empowerment, a centre for excellence, a hub for local innovation and a celebration of progress! Once the consolidation has been successfully executed, PWC will then formally lead the company to IPO in 2024.
“With ACYLogix projected for massive growth in the next few years, the opportunities for cross-departmental, cross-functional and cross-branch career growth, progression and expression are there for all the members of the team to explore as they see fit.”
ACY Securities has been expanding every year since being founded in 2013. The company now employs over 150 staff across the globe with further offices to be established by the end of 2022.
As part of its business growth, ACY has recently hired FX veteran Andrew Taylor as Managing Director, after having spent 15 months as General Manager at IC Markets. This was preceded by many other roles at different companies, mostly based out of Sydney, including a total of seven years tenure at Tullett Prebon. Taylor has also helped Royal Forex (RFXT) establish its business in Australia and was COO of Invast Financial Services Australia.
His appointment comes at a time when ACY Securities is placing a big emphasis on FinTech based solutions. ACY’s sister company, Zerologix, is developing a social sharing charting platform, called Finlogix.
As such, the company expects to leverage Taylor’s experience to help strengthen its global position as they expand their retail, institutional, and Fintech offerings.