FIM Group, the Finnish private wealth management firm, is listing on the Helsinki Stock Exchange.
“The stock exchange and the world of investment are a familiar operating environment for FIM”, says Jan Forsbom, CEO of FIM. “Still, becoming a listed company is a major step for us. We believe it is the best way for us to develop the company. Our large shareholder base will get floating market valuation for their holding, but former shareholders can still continue their work to develop the company and to increase the wealth of FIM’s customers as owners and employees. The listing also increases our options for developing personnel incentive programs. Furthermore, it opens a channel to raise additional capital from the capital markets if necessary. The stock listing also supports FIM’s strong efforts to build its brand and to make itself better known among customers.”
Established in 1987, FIM is a Finnish investment services group that offers asset management, brokerage and investment banking for private persons and organizations. In addition to the head office, which is located in Helsinki, FIM has regional offices in Espoo, Jyvskyl, Kuopio, Lahti, Oulu, Tampere, Turku, Vaasa and, as of May 2006, in Riihimki. FIM also operates in Stockholm and Moscow. The company’s net sales in 2005 were 63.2 million euros and operating profit 19.1 million euros. FIM employs approximately 260 people.