KBC Securities successfully executed a management buy-out of its Latvian subsidiary, KBC Securities Baltic Investment Company, now rebranded as BIC Securities, led by managing directors Andrei Zadornov and Kirill Jurzditsky.

Information on the Target

KBC Securities has successfully executed a management buy-out of its subsidiary, KBC Securities Baltic Investment Company (KBCS/BIC), based in Latvia. The buy-out involves managing directors Andrei Zadornov and Kirill Jurzditsky, who have a proven track record in steering the company towards growth and stability over the past years.

As part of the management buy-out, the current workforce of 41 employees will remain intact, ensuring continuity in operations. The investor clients will continue to receive the same high level of service they experienced previously, minimizing any disruption stemming from the organizational change.

Industry Overview in Latvia

The investment services sector in Latvia has displayed significant growth potential driven by a robust regulatory framework and increasing investor interest in capita