New York City-headquartered StoneX Group has acquired an equity stake in FINRA-registered broker-dealer Tigress Financial Partners.
This investment, whose financial details are unknown, is said to be a combination of cash, infrastructure, and global products.
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The terms of the deal are not material to StoneX Group.
Established in 2011, Tigress is a disabled and woman-owned investment firm that specialises in capital markets underwriting, investment banking, equity research, global debt and equity securities sales and trading.
It also provides investor services such as global wealth management and asset management.
Tigress Financial Partner CEO Cynthia DiBartolo noted that the transaction open up a host of new doors for the company’s legacy client base and enables it to expand quickly into new markets and products.
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By GlobalDataDiBartolo further said: “Of key importance to us, was that StoneX has demonstrated a strong corporate culture. They are committed to accelerating progress in both equality of opportunity and women’s empowerment, which are central to StoneX’s business growth and their social impact; as such they are the ideal partner to propel the Tigress business and mission.”
Commenting on the development, StoneX Financial managing director and head of agency debt sales Alexandra Selby said: “It’s a privilege to partner with such a proven leader in the Minority & Woman-Owned Brokerage space.
“Tigress’ capabilities and unique relationships are complementary to our existing Equities and Fixed Income businesses, and we believe both legacy and new clients of Tigress will benefit from the enhanced product offering, cutting edge technology, and capital support that StoneX brings.”
In 2018, BCS Prime Brokerage, a unit of BCS Global Markets, partnered with Tigress to market products to institutional and HNW clients in the US and international markets.
