Slovenia's Ilirika acquires Belgrade's Wisebroker

The Slovenian broker company Ilirika has acquired the Belgrade-based broker company Wisebroker, one of the oldest and biggest companies of its type in Serbia, Slovenia's Delo reports.

As Igor Stemberger, the head of Ilirika, told Delo, Wisebroker has around 12,000 clients and manages a portfolio of around EUR 10 million.

A notice to clients published by Wisebroker states that the company's Assembly has adopted the Decision on termination of the investment services of Broker-dealer company "Wise broker" a.d. Belgrade, on December 27, 2017.

– The Company will fulfill regular operations and obligations towards clients and the provision of its services until December 27, 2017, after which clients’ accounts will be transferred to Ilirika investments and employees will become part of their team – it is specified.

As Delo report, Wisebroker was formed in 2000 as Senzal. It was one of the biggest and most successful broker companies. It was later acquired by the Belgian bank KBC, which offered to the management of the company to buy it out during the financial crisis. The company has seven employees and they are all to be transferred to Ilirika.

It is not known what the value of the transaction is.

Ilirika has been present in the market since 1995 and is the oldest broker company in Slovenia, it is added. The company has around 20,000 clients and around 50 financial experts. It has offices in the markets of Croatia, Serbia and Macedonia.

BDD Wise Broker a.d. Beograd

ILIRIKA d.d. Ljubljana

Ilirika

Igor Stemberger